Caringbah South vs Narraweena
Property investment comparison - Caringbah South, NSW 2229 vs Narraweena, NSW 2099
Head-to-head across core investment metrics: Caringbah South wins 1, Narraweena wins 3. 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 | Narraweena |
|---|---|---|
| Median house price | $2.5M | $2.5M |
| Median unit price | - | - |
| Gross rental yield (houses) | 2.89% | 2.54% |
| Gross rental yield (units) | - | 3.86% |
| 1-year house growth | +2.4%estimate | +3.2%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.1% | 0.8% |
| Population | 13,168 | 6,971 |
Caringbah South vs Narraweena: what the numbers say
The median house price is $2.5M in Caringbah South and $2.5M in Narraweena, so Narraweena is the cheaper entry point.
On cash flow, Caringbah South leads: houses there return a gross rental yield of 2.89%, compared with 2.54% in Narraweena, a gap of 0.35 percentage points.
Over the past year house prices moved +2.4% in Caringbah South (an estimate) and +3.2% in Narraweena (an estimate), so recent momentum favours Narraweena, although both suburbs recorded growth.
Rental vacancy is 0.8% in Narraweena and 2.1% in Caringbah South, so landlords in Narraweena face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Caringbah South is the bigger suburb, with a population of 13,168 against 6,971, larger than Narraweena; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Caringbah South for rental income, Narraweena for a lower purchase price, Narraweena for recent price momentum, Narraweena 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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