With a capital gain of 8.47% for the last 12 months, Kirrawee, 2232 has performed for property investments than its average annual 8.05% property growth over the last 5 years.
While Kirrawee,2232 ranked number 625th in NSW for increase in median house value (annualised) increase, it is ranked 301th over the last 5 years.
Property buyers and investors in Kirrawee 2232 should be seeing an average reduction in asking price of around -2.75% . This means that Kirrawee is holding prices well when compared to other suburbs in NSW.
At number 284th in the list of Australian suburbs ordered by increase in median house value over the last year, Kirrawee, 2232 is in the top 20% with a property value increase of 12.86% recorded in median house prices.
Comparing Kirrawee,2232 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Kirrawee is $667000, with sellers offering an average of -2.60% off the asking price.
Kirrawee is 452th on a list of best yielding suburbs for rents in NSW with a 3.51% return
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.