Caragabal, a small village in the Weddin Shire of New South Wales, offers a unique housing market characterized by its rural charm and affordability compared to larger urban centers. The area predominantly consists of detached houses with large plots of land, reflecting its agricultural roots and appeal to those seeking a quieter lifestyle. The housing market here can be appealing for first-time buyers or those looking to invest in property without the hefty price tags often found in city environments. Prices have remained relatively stable, although there might be limited availability due to the village's small size and lower turnover compared to more suburban areas.
Living in Caragabal is best suited for those who appreciate a close-knit community and the tranquility of rural life. Residents enjoy wide-open spaces and a slower pace, with the scenic beauty of the Australian countryside ever present. The village offers essential amenities and services, but more comprehensive facilities are accessible in nearby towns such as Grenfell or West Wyalong. Community events and local gatherings are a staple in Caragabal, providing opportunities for social interaction and fostering a strong sense of belonging. While it might notably lack the hustle and bustle of urban living, Caragabal's charm lies in its simplicity and the peaceful, grounded lifestyle it offers.
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Thinking about buying in Caragabal? Now could not be a better time, with just 260 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $422,000 with prices in this suburb ranging from $31,000 to $3,010,000. The aproximate distance to the coast is 283 Km.
In Caragabal there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Caragabal is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Caragabal leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Caragabal the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationCaragabal Public School
(While the above schools are located with the suburb of Caragabal there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 17.3 | 34.5 | 21.1 | 72.7 | 4.5 | 27.2 |
Feb | 2.0 | 16.9 | 31.8 | 28.6 | 77.1 | 4.4 | 23.7 |
Mar | 2.3 | 13.7 | 28.1 | 32.7 | 83.2 | 4.1 | 19.2 |
Apr | 1.2 | 8.8 | 23.3 | 39.8 | 90.7 | 3.1 | 15 |
May | 1 | 4.6 | 18.2 | 48.0 | 95.3 | 2.9 | 12.2 |
Jun | 1.4 | 2.5 | 14.5 | 60.7 | 97.7 | 2.8 | 9.3 |
Jul | 1.2 | 1.6 | 13.7 | 59.3 | 97.9 | 2.9 | 9.7 |
Aug | 1.2 | 1.3 | 15 | 52.8 | 98.2 | 3.2 | 12.3 |
Sept | 1.5 | 3.6 | 19.5 | 42.7 | 94.9 | 3.6 | 17.2 |
Oct | 1.4 | 7.6 | 24.3 | 33.1 | 88.3 | 3.7 | 21.7 |
Nov | 1.6 | 11.5 | 28.1 | 27.2 | 85 | 4.1 | 25 |
Dec | 1.3 | 14.4 | 31.5 | 22.0 | 76.4 | 4.4 | 28.0 |
source: Australian Government Bureau of Meteorology
16-12-2024 | $10,585,000 | 160 Taylors Road |
28-10-2024 | $220,000 | 1 Wyalong Street |
29-07-2024 | $230,000 | 13 Railway Street |
05-11-2021 | $110,000 | 9 Railway Street |
15-10-2021 | $206,667 | 5750 Mid Western Hwy |
06-08-2021 | $55,000 | 13 Railway Street |
16-06-2021 | $116,000 | 1 Caragabal Street |
09-06-2021 | $2,651,400 | 998 Quandialla-Caragabal Road |
16-09-2020 | $570,000 | 698 Driftway Road |
25-05-2020 | $300,000 | 119 Beazleys Lane |
14-05-2020 | $6,500 | 20 Bourke Street |
23-04-2020 | $116,000 | 24 Grenfell Street |
20-11-2019 | $1,200 | 43 Wyalong Street |
19-11-2016 | $7,000 | 45 Wyalong Street |
12-08-2016 | $55,000 | 1 Caragabal |
05-05-2016 | $1,900,000 | 719 Quandialla-Caragabal Road |
28-04-2016 | $948,370 | 4731 Mid Western Hwy |
18-05-2015 | $600,000 | 175 Baass Lane |
04-07-2014 | $160,000 | 1 Wyalong Street |
19-02-2014 | $500 | 32 Grenfell Street |
27-08-2013 | $40,000 | 1 Railway Street |
25-01-2012 | $60,000 | 1 Railway Street |
26-08-2011 | $50,500 | 44 Gibson Street |
17-08-2011 | $500,000 | 508 Hunters Road |
02-12-2010 | $56,000 | 18 Railway Street |
14-10-2010 | $280,000 | 280 Quandialla Caragabal Road |
27-08-2010 | $43,000 | 1 Railway Street |
11-11-2009 | $390,000 | 4562 Mid Western Hwy |
06-10-2009 | $2,500 | 82 Caragabal Street |
30-09-2009 | $24,000 | 19 Caragabal Street |
12-12-2008 | $72,000 | 8 Wyalong Street |
25-11-2008 | $73,500 | 24 Caragabal Street |
15-08-2008 | $120,000 | 4 Marsden Street |
10-06-2008 | $7,950 | 34 Grenfell Street |
14-08-2007 | $10,000 | 19 Caragabal Street |
16-07-2007 | $7,900 | 36 Grenfell Street |
16-01-2007 | $65,000 | 24 Caragabal Street |
04-08-2006 | $45,000 | 9 Railway Street |
12-07-2006 | $5,000 | 82 Caragabal Street |
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