Kirrawee is an average performer in NSW when comparing median price capital growth over the last year. Kirrawee gave property investors a good capital gain figure when compared to the rest of the state, with 13.46%.
The five-year average increase in median property values for Kirrawee,2232 has given property investors a potential capital gain of 83.11% across each of those five years.
Property investors looking for a bargain in Kirrawee should be aiming for at least -3.87% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.25 sales per month, which equates to 99 per year.
Property investors should expect to get $675 weekly from the median priced house in this suburb.
Over the last year, property investments in Kirrawee, 2232 have given investors a capital gain of 15.73%. This compares favourably with the 8.63% for NSW as a whole.
If we look at median property appreciation over just the last three months, Kirrawee has given property investors a paper return of 4.83%. This puts Suburb as 107 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -5.04% to buyers in Kirrawee at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.12%, investors should hope to achieve an overall return of 3.19%
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.