Over the last year, property investments in Kirrawee, 2232 have given investors a capital gain of 6.97%. This compares averagely with the 6.38% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Kirrawee comes in at number 394th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Kirrawee itself are offering an average vendor discount of -1.50% to real estate investors.
Situated 22.35km from the CBD, Kirrawee is one of Sutherland Shire localities in the postcode 2232.
Giving property investors a a solid capital gain of 11.49% for the last year, Kirrawee, 2232 is the 317th highest performer in Australia in this respect.
While Kirrawee,2232 ranked number 104th in NSW for increase in median house value (annualised) increase, it is ranked 294th over the last 5 years.
The most recent median price for Kirrawee is $655000, with sellers offering an average of -2.98% off the asking price.
In the last year 98 properties changed hands in Kirrawee, which puts it as the 145th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 3.57%
The Sutherland Shire suburb of Kirrawee strikes a good balance between accessibility and the relaxed lifestyle of the Shire. Full summary
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The Sutherland Shire suburb of Kirrawee strikes a good balance between accessibility and the relaxed lifestyle of the Shire.
Access to the Sydney CBD and Wollongong is facilitated by direct trains and road connections via the Princes Highway, while the suburb is within easy reach of all the peninsula’s amenities.
Kirrawee itself has several schools, independent grocery stores and supermarkets, and a number of shops and restaurants around Oak Road North and the Old Princes Highway. It’s also within easy reach of the many nature reserves in the Shire, the Royal National Park and Gymea Bay for water leisure activities.
It’s one of the more affordable suburbs in the Shire, and residents are typically affluent families. Fifty-three per cent of residents are married, and the average weekly household income is higher than the NSW average. The majority of residents are employed, with a mix of white collar and blue collar workers, but there is also a small student population.
Kirrawee looks set to be a steady performer, perfect for the risk-averse investor. Buyers are best advised to stick to the south and west of the suburb, to take advantage of bush outlooks and to stay away from the commercial zones in north Kirrawee.