Suburb Profile Report for Kirribilli NSW (2061)

Kirribilli House: Median price $3,987,500, Annual capital growth N/A, Number of sales 18, Weekly median advertised rent $985

Kirribilli Unit: Median price $1,257,500, Annual capital growth 9.51%, Number of sales 74, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

A 59.50% growth in median value for property investors in Kirribilli,2061 puts this suburb at number 1099th in terms of best performing suburbs in NSW

With the median price for a house in Kirribilli being $3987500 and the advertised rent reaching $985 the gross rental yield for property investors calculates out to be 1.28%

Kirribilli has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.07% to date .

Taking the average capital gain, or increase in median house value, Kirribilli,2061 has racked up an average of 3.07% over the period. This ranks it number 37th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Kirribilli should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 74 properties changed hands in Kirribilli, which puts it as the 206th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
March 2016

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Kirribilli is just over the harbour bridge from the CBD, right next to Milson’s Point railway station, and is a high demand area both for its proximity to the city centre and its sought after harbour side location.Full summary

While the voting public may be put off by the revolving door in the office of the prime minister, the fact that removalists’ trucks are a common sightoutside of Kirribilli House doesn’t seem to be affecting real estate in the harbourside suburb.

The median unit price currently sits at $1.1m and could reach even higher soon if recent trends are anything to go by.
The past five years have seen the median increase by an impressive 63%.

While affordability may not be at its best in Kirribilli, that doesn’t seem to have had much of an impact on sales.

The past 12 months have seen 72 units sold, and on average units are spending only 39 days on the market.

While it may be on the north side of Sydney Harbour, Kirribilli does offer easy access to Sydney CBD, thanks to the fact that it’s serviced by the Milsons Point train station and the Jeffrey Street Ferry wharf.

Close
Metrics i HOUSE UNIT
$3,987,500 $1,257,500
-0.31% 0.00%
N/A 3.07%
N/A 9.51%
$985 $650
18 74
1.28% 2.69%
N/A 35.42

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Kirribilli NSW
Demographics
Total population 3667
Median household income ($/weekly) 1976
Median age of persons 39
Median housing loan repayment ($/monthly) 2800
Average household size 1.7
  • Census Count Percent(%)
    25-34 years 1037 28.3
    35-44 years 623 17.0
    45-54 years 411 11.2
    55-64 years 438 11.9
    65-74 years 394 10.7
    Others 764 20.8
    Age Group
    Census Count Percent(%)
    Not Married 1410 49.1
    Registered Married 986 34.3
    Defacto Relationship 476 16.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1881 57.7
    Papua New Guinea 133 4.1
    United Kingdom 352 10.8
    United States of America 101 3.1
    Other 246 7.5
    Others 549 16.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 2.6
    Christianity 1858 59.0
    Hinduism 56 1.8
    Judaism 29 0.9
    No Religion 1080 34.3
    Others 45 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 109 6.5
    $1,500-$1,999 163 9.8
    $2,500-$2,999 356 21.3
    $3,000-$3,499 113 6.8
    $4,000 or more 213 12.8
    Others 716 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1611 52.7
    Not in the labour force 850 27.8
    Employed, worked part-time 401 13.1
    Unemployed, looking for work 100 3.3
    Employed, away from work 94 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 437 20.8
    Professionals 1013 48.1
    Technicians & trades workers 92 4.4
    Community & personal service workers 101 4.8
    Clerical & administrative workers 283 13.4
    Others 180 8.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 72 14.6
    Secondary 48 9.7
    Technical or Further Educational Institution 57 11.6
    University or other Tertiary Institutions 247 50.1
    Other type of educational institution 41 8.3
    Others 28 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2439 77.3
    Semi-detached, row or terrace house, townhouse 360 11.4
    Separate house 352 11.1
    House or flat attached to a shop, office 6 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1200 66.5
    Fully owned 346 19.2
    Being purchased 245 13.6
    Other tenure type 14 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals