Property investors who have had real estate in Kirrawee, 2232 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.68%
Over the longer term, Kirrawee has seen property prices show investors a 51.61% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kirrawee, 2232. Typically our figures indicate that -4.01% is being offered, which puts this NSW suburb at 3027th most discounted overall in Australia.
Kirrawee is 878th on a list of best yielding suburbs for rents in NSW with a 2.88% return
Over the last year, property investments in Kirrawee, 2232 have given investors a capital gain of 13.75%. This compares favourably with the 7.74% for NSW as a whole.
Over the longer term, Kirrawee has seen property prices show investors a 36.27% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Kirrawee is $695000, with sellers offering an average of -2.99% off the asking price.
At number 65 in a list of fastest selling suburbs, Kirrawee is in the TOP 10% of suburbs in Australia with an average of days on market 32 for properties listed there.
Renters in Suburb are facing rents around $5508 per annum or $459 every week.
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.