Suburb Profile Report for Karabar NSW (2620)

Karabar House: Median price $484,000, Annual capital growth 3.88%, Number of sales 111, Weekly median advertised rent $420

Karabar Unit: Median price $370,000, Annual capital growth 4.35%, Number of sales 24, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Karabar, 2620 ranked 758th in NSW when comparing growth in median property values or capital gain over the last 12 months. Karabar is one of 3163 in our list for NSW

If we look at median property appreciation over just the last three months, Karabar has given property investors a paper return of 0.83%. This puts Suburb as 900 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -4.10% to buyers in Karabar at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Karabar the average time real estate has been on the market is 89.02 days.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Over the last year, property investments in Karabar, 2620 have given investors a capital gain of 8.50%. This compares favourably with the 5.41% for NSW as a whole.

Over the longer term, Karabar has seen property prices show investors a 15.63% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Karabar 2620 should be seeing an average reduction in asking price of around -3.67% . This means that Karabar is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Karabar have been waiting around 103.66 days to sell a property.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 4.35%.

HOUSE UNIT
$484,000 $370,000
0.83% 3.50%
5.79% 8.50%
3.88% 4.35%
$420 $330
111 24
4.51% 4.64%
89.02 103.66

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 8600
Median household income ($/weekly) 1559
Median age of persons 35
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1233 14.3
    25-34 years 1221 14.2
    35-44 years 1282 14.9
    45-54 years 1280 14.9
    55-64 years 977 11.4
    Others 2608 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 2936 46.7
    Not Married 2695 42.9
    Defacto Relationship 658 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6737 82.7
    Germany 205 2.5
    Papua New Guinea 147 1.8
    United Kingdom 193 2.4
    Other 262 3.2
    Others 602 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 0.8
    Christianity 6223 78.8
    Islam 64 0.8
    Other Religious Groups 39 0.5
    No Religion 1464 18.5
    Others 40 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 218 7.8
    $1,250-$1,499 220 7.9
    $1,500-$1,999 414 14.8
    $2,000-$2,499 350 12.5
    $2,500-$2,999 281 10.1
    Others 1307 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3165 49.3
    Not in the labour force 1723 26.8
    Employed, worked part-time 1083 16.9
    Employed, away from work 298 4.6
    Unemployed, looking for work 156 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 464 10.2
    Professionals 664 14.6
    Technicians & trades workers 714 15.7
    Clerical & administrative workers 960 21.1
    Labourers 462 10.2
    Others 1281 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 123 6.0
    Infants/Primary 766 37.5
    Secondary 648 31.7
    Technical or Further Educational Institution 219 10.7
    University or other Tertiary Institutions 255 12.5
    Others 34 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7278 88.3
    Semi-detached, row or terrace house, townhouse 762 9.2
    Flat, unit or apartment 182 2.2
    Caravan, cabin, houseboat 20 0.2
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1187 39.6
    Rented 928 30.9
    Fully owned 872 29.1
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
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