Caringbah South vs Grasmere
Property investment comparison - Caringbah South, NSW 2229 vs Grasmere, NSW 2570
Head-to-head across core investment metrics: Caringbah South wins 2, Grasmere wins 1. 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.
| Metric | Caringbah South | Grasmere |
|---|---|---|
| Median house price | $2.5M | $2.5M |
| Median unit price | - | $720K |
| Gross rental yield (houses) | 2.89% | 1.69% |
| Gross rental yield (units) | - | 4.16% |
| 1-year house growth | +2.4%estimate | +2.9%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.1% | 2.4% |
| Population | 13,168 | 2,105 |
Caringbah South vs Grasmere: what the numbers say
Houses cost about the same in both suburbs: the median house price is $2.5M in Caringbah South and $2.5M in Grasmere.
On cash flow, Caringbah South leads: houses there return a gross rental yield of 2.89%, compared with 1.69% in Grasmere, a gap of 1.20 percentage points.
Over the past year house prices moved +2.4% in Caringbah South (an estimate) and +2.9% in Grasmere (an estimate), so recent momentum favours Grasmere, although both suburbs recorded growth.
Rental vacancy is 2.1% in Caringbah South and 2.4% in Grasmere, so landlords in Caringbah South face less competition for tenants.
Caringbah South is the bigger suburb, with a population of 13,168 against 2,105, roughly 6 times the size of Grasmere; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Caringbah South for rental income, Grasmere for recent price momentum, Caringbah South 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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Caringbah South, NSW 2229
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