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Cabarita

POSTAL CODE: NSW, 2137
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CABARITA, 2137 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CABARITA, 2137 values up and netting property investors a capital gain of 25.62% for the past year.

Investors saw the median home price rise to $4,032,500.

Profits due to an upward trend in home prices in the suburb averaged 3% per annum over a 3-year period.

CABARITA now ranks at the 106th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CABARITA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1300 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CABARITA, homes and units usually stay on listing for an average of N/A.

In 2016, 19 properties were sold in CABARITA during the past year, making it the 961st most active market in NSW based on total real estate transactions.

Surburb overview

Cabarita, located approximately 16 kilometres west of Sydney's central business district, is a bayside suburb within the City of Canada Bay. Positioned along the southern bank of the Parramatta River, Breakfast Point borders it to the west and Concord to the south. The suburb's name, derived from an Aboriginal word meaning "by the water," reflects its riverside setting.

As per the 2021 Census, Cabarita had a population of 1,933 residents. The median age was 50 years, indicating a mature demographic. Approximately 63.1% of the population was born in Australia, with notable communities from China, Italy, and other countries. English was the only language spoken at home by 67.1% of residents, while other languages included Mandarin and Cantonese.

Public transportation in Cabarita includes bus routes 466 and 502, providing connections to Burwood and the Sydney CBD. The Cabarita ferry wharf offers Parramatta River ferry services to Circular Quay and Parramatta, facilitating scenic commutes.

Essential amenities are accessible within and near Cabarita. The suburb features a variety of restaurants, including Angelo's on the Bay, which offers waterfront dining experiences. Retail and service options are available in adjacent suburbs, including Concord and Breakfast Point.

Recreational facilities in Cabarita are notable. Cabarita Park features a beach, playgrounds, picnic areas, and the historic Federation Pavilion. The Cabarita Swimming Centre offers heated saltwater pools with a view overlooking the river. Additionally, GoBoat Sydney offers self-drive picnic boat experiences on the Parramatta River.

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