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%