Suburb Profile Report for Kirrawee NSW (2232)

Kirrawee House: Median price $1,100,000, Annual capital growth 6.55%, Number of sales 89, Weekly median advertised rent $680

Kirrawee Unit: Median price $701,000, Annual capital growth 6.88%, Number of sales 150, Weekly median advertised rent $520

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Kirrawee have tracked just higher than the NSW average of 0.15% over the last 12 months.

Over the longer term, Kirrawee has seen property prices show investors a -5.86% return over the last 3 years. This is an improvement over the last 12 months

Kirrawee, 2232 is offering NSW ‘s 678th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.

Residents and property investors in Kirrawee have been waiting around 52.04 days to sell a property.

Using the current median advertised rental of $680 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 3.21%

Kirrawee is in the bottom 30% in NSW when comparing median price capital growth over the last year. Kirrawee gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.52%.

Taking the average capital gain, or increase in median house value, Kirrawee,2232 has racked up an average of -7.52% over the period. This ranks it number 1029th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Kirrawee is giving property investors an average Vendor Discount of around -3.38%. This puts suburb at number 335th in NSW when ranking the most discounted suburbs.

Kirrawee is 325th on a list of best yielding suburbs for rents in NSW with a 3.86% return

Information supplied by:


October 2017

M
O

W
E

Houses fly off the shelves

Postcode: 2232

Median house price: $1,200,000

Three-year growth: 53.8%

Rental yield: 2.9%

In the suburb of Kirrawee, houses pass through the market quickly, spending just over a month (34 days) on sale before being snapped up.

With a median value of over $1m, this suburb is certainly on the pricey side. Nonetheless, despite the price tags, Kirrawee still recorded consistent growth of over 12% in the 12 months leading up to July 2017.

The suburb is characterised by its bush outlooks and quiet streets. It is divided into a commercial half (in the north) and a residential half (in the south); the former is home to factories for local businesses as well as a shopping area that is home to dining establishments. The Kirrawee train station is located nearby, and the murals that decorate this pocket of the suburb is one of Kirrawee’s notable features. The suburb is also known for nurturing parts of the Sydney Turpentine Ironbark Forest.

Metrics i HOUSE UNIT
$1,100,000 $701,000
7.84% -3.31%
3.00% -7.52%
6.55% 6.88%
$680 $520
89 150
3.21% 3.86%
52.04 57.7868852459016

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8977
Median household income ($/weekly) 1387
Median age of persons 39
Median housing loan repayment ($/monthly) 2496
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1059 11.8
    25-34 years 1218 13.6
    35-44 years 1314 14.6
    45-54 years 1127 12.6
    55-64 years 998 11.1
    Others 3262 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 3491 51.8
    Not Married 2732 40.5
    Defacto Relationship 520 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7123 82.5
    Croatia 89 1.0
    Papua New Guinea 117 1.4
    United Kingdom 391 4.5
    Other 240 2.8
    Others 673 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 124 1.5
    Christianity 6678 79.4
    Hinduism 51 0.6
    Islam 48 0.6
    No Religion 1468 17.5
    Others 38 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 268 8.8
    $800-$999 269 8.9
    $1,500-$1,999 375 12.4
    $2,000-$2,499 340 11.2
    $2,500-$2,999 287 9.5
    Others 1490 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2813 40.8
    Not in the labour force 2297 33.3
    Employed, worked part-time 1349 19.6
    Employed, away from work 240 3.5
    Unemployed, looking for work 200 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 548 12.5
    Professionals 985 22.4
    Technicians & trades workers 639 14.5
    Community & personal service workers 439 10.0
    Clerical & administrative workers 800 18.2
    Others 990 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 200 9.9
    Infants/Primary 685 34.0
    Secondary 531 26.4
    Technical or Further Educational Institution 207 10.3
    University or other Tertiary Institutions 334 16.6
    Others 57 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6106 71.1
    Semi-detached, row or terrace house, townhouse 1381 16.1
    Flat, unit or apartment 1085 12.6
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1256 37.9
    Fully owned 1201 36.3
    Rented 790 23.9
    Other tenure type 64 1.9
    Tenure Type
Census 2011, ABS
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