Suburb Profile Report for Karabar NSW (2620)

Karabar House: Median price $483,250, Annual capital growth 3.76%, Number of sales 118, Weekly median advertised rent $425

Karabar Unit: Median price $385,000, Annual capital growth 4.71%, Number of sales 29, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1858th in the list of Australian suburbs ordered by increase in median house value over the last year, Karabar, 2620 is in the top half with a property value increase of 5.63% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Karabar,2620 has racked up an average of 5.63% over the period. This ranks it number 2664th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Karabar should be aiming for at least -3.98% off the asking price, which is the average vendor discount being achieved at the moment.

A $425 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 3.76%.

Karabar has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.24% to date .

If we look at median property appreciation over just the last three months, Karabar has given property investors a paper return of 4.05%. This puts Suburb as 115 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -3.32% to buyers in Karabar at the moment, which is less than average for the rest of NSW.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 4.71%.

Metrics i HOUSE UNIT
$483,250 $385,000
0.68% 4.05%
5.63% 13.24%
3.76% 4.71%
$425 $330
118 29
4.57% 4.46%
84.48 96.31

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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