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Caringbah vs Carrick

Property investment comparison - Caringbah, NSW 2229 vs Carrick, NSW 2580

Head-to-head across core investment metrics: Caringbah wins 2, Carrick wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCaringbahCarrick
Median house price$2M$2.0M
Median unit price$905K$565K
Gross rental yield (houses)2.47%-
Gross rental yield (units)4.10%4.38%
1-year house growth+4.0%-
3-year house growth+18.5%-
Vacancy rate0.7%1.2%
Population12,575164

Caringbah vs Carrick: what the numbers say

The median house price is $2M in Caringbah and $2.0M in Carrick, so Caringbah is the cheaper entry point.

For units, Caringbah sits at a median of $905K against $565K in Carrick, which makes Carrick the more affordable unit market and Caringbah the pricier one.

Rental vacancy is 0.7% in Caringbah and 1.2% in Carrick, so landlords in Caringbah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Caringbah is the bigger suburb, with a population of 12,575 against 164, roughly 77 times the size of Carrick; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Caringbah for a lower purchase price, Caringbah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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