Suburb Profile Report for Kareela NSW (2232)

Kareela House: Median price $1,120,000, Annual capital growth 5.73%, Number of sales 42, Weekly median advertised rent $683

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 1710th in the list of Australian suburbs ordered by increase in median house value over the last year, Kareela, 2232 is in the top half with a property value increase of 6.67% recorded in median house prices.

Across a shorter period, Kareela, 2232 has seen a median price increase of -5.08% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Kareela is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in NSW

With the median price for a house in Kareela being $1120000 and the advertised rent reaching $682.5 the gross rental yield for property investors calculates out to be 3.17%

YIP MAG Information supplied by:

YIP MAG
April 2015

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The small but prosperous suburb of Kareela, 29km south of Sydney’s CBD, offers an oasis escape from the fast pace of city life.Full summary The small but prosperous suburb of Kareela, 29km south of Sydney’s CBD, offers an oasis escape from the fast pace of city life.

An array of stunning views of Oyster Bay, in addition to a beautiful golf course and native plants reserve, makes Kareela one of South Sydney’s most sought-after suburbs.

Attracting an average of 2,880 views per listed property, it’s no wonder homes only spend an average of 23 days on the market.

Additionally, a minimal vacancy rate of only 0.8% shows that this is the place to be.

There is easy access to the Princes Highway and the suburb is close to parks, schools, shops, hospitals and entertainment options.

A $14m redevelopment of Kareela Village is set to be completed this year, adding a variety of new shops and restaurants to the area.

Some of Kareela’s more popular streets are Struen Marie Street, Balandra Place and Ingrid Road, because they offer unparalleled views of the bay.
 Close
HOUSE UNIT
$1,120,000 N/A
-5.08% N/A
6.67% N/A
5.73% N/A
$683 N/A
42 N/A
3.17% N/A
35.33 N/A

Source: CoreLogic

DSR Score for property investment : Excellent (U), Very good (H)
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Demographics
Total population 3324
Median household income ($/weekly) 2019
Median age of persons 42
Median housing loan repayment ($/monthly) 2806
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 433 13.0
    35-44 years 506 15.2
    45-54 years 441 13.3
    55-64 years 501 15.1
    65-74 years 458 13.8
    Others 985 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 1677 65.9
    Not Married 754 29.6
    Defacto Relationship 114 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2550 78.7
    Croatia 38 1.2
    Greece 37 1.1
    United Kingdom 155 4.8
    Other 121 3.7
    Others 340 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.7
    Christianity 2588 81.6
    Islam 15 0.5
    Judaism 10 0.3
    No Religion 489 15.4
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 102 10.0
    $2,000-$2,499 107 10.5
    $2,500-$2,999 151 14.9
    $3,000-$3,499 107 10.5
    $4,000 or more 92 9.1
    Others 457 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1040 39.6
    Not in the labour force 898 34.2
    Employed, worked part-time 541 20.6
    Employed, away from work 91 3.5
    Unemployed, looking for work 55 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 16.1
    Professionals 443 26.5
    Technicians & trades workers 205 12.3
    Clerical & administrative workers 307 18.4
    Sales 174 10.4
    Others 275 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 55 7.2
    Infants/Primary 289 37.8
    Secondary 222 29.1
    Technical or Further Educational Institution 51 6.7
    University or other Tertiary Institutions 127 16.6
    Others 20 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3170 99.7
    Semi-detached, row or terrace house, townhouse 7 0.2
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 584 52.8
    Being purchased 452 40.9
    Rented 70 6.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals