Carey Bay

Carey Bay, NSW 2283, is a small suburb with a population of 865 residents. The area shows steady population growth over the past years. The majority of residents are aged 65 or over, indicating an older demographic profile. The median household income is moderate, and the suburb offers a mix of occupations, with managers, professionals, and technicians/tradeworkers being the top three. Residents primarily commute by motor vehicle and benefit from a reasonable proportion of people working from home. The suburb has limited government school options based on the ICSEA Percentile. For house investors, Carey Bay presents as a stable market with moderate growth rates and a good rental yield. The suburb has a high homeowner occupancy rate and a low vacancy rate, indicating a stable housing market. The sale price IQR ratio suggests opportunities for renovators or investors looking to add value. On the other hand, the unit market is relatively smaller with fewer sales, but offers potential for consistent rental returns given the higher proportion of units being rented out. Carey Bay, NSW 2283, is a quiet suburb ideal for individuals seeking a peaceful lifestyle. Homeowners can benefit from stable property prices and rental returns, while investors have opportunities for renovation projects in the housing market. The demographic profile skews towards older residents, and the area provides convenient commuting options, including working from home. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022