Suburb Profile Report for Karabar NSW (2620)

Karabar House: Median price $486,000, Annual capital growth 3.30%, Number of sales 126, Weekly median advertised rent $435

Karabar Unit: Median price $373,500, Annual capital growth 4.30%, Number of sales 36, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Karabar, 2620 should be relatively unhappy 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 2.42%

Karabar,2620 was ranked 1486 in Australia by increase in median property value over the quarter.

Karabar2620 is located in NSW which offers an average discount of -5.22% to property investors. Karabar itself is showing figures that indicate -3.50% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.

With the median price for a house in Karabar being $486000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.65%

If you compare the increase in value of investment property in Karabar, 2620 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.75%.

Karabar,2620 has offered an average of 3.75% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Karabar are currently offering property investors an average price cut of -3.14% below the asking price at the moment.

Residents and property investors in Karabar have been waiting around 75.96 days to sell a property.

Metrics i HOUSE UNIT
$486,000 $373,500
2.32% -0.40%
2.42% 3.75%
3.30% 4.30%
$435 $320
126 36
4.65% 4.46%
76.8 75.96

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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