NSW has seen average median house prices change by 10.25% which means that Kirrawee, 2232 has done well for property investors by showing a capital gain of 10.94% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Kirrawee comes in at number 283th in NSW.
Our latest figures would indicate that property sellers in Kirrawee are currently offering property investors an average price cut of -4.76% below the asking price at the moment.
A $700 per week rent on the median house gives suburb investors a gross yield of circa 2.93%, without taking into account capital value appreciation, which has been averaging out at 8.56%.
With a capital gain of 13.55% for the last 12 months, Kirrawee, 2232 has performed for property investments than its average annual 8.76% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Kirrawee has given property investors a paper return of 3.68%. This puts Suburb as 107 on a list of fastest fasting appreciating suburbs in NSW
At number 307th of NSW’s most discounted properties, Kirrawee is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $480 weekly from the median priced house in this suburb.
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.