At number 3811th in the list of Australian suburbs ordered by increase in median house value over the last year, Kirrawee, 2232 is in the BOTTOM 10% with a property value increase of -15.97% recorded in median house prices.
A 25.00% growth in median value for property investors in Kirrawee,2232 puts this suburb at number 1056th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Kirrawee are currently offering property investors an average price cut of -7.55% below the asking price at the moment.
Kirrawee, 2232’s gross rental yield is 3.54%
Investment property in Kirrawee has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.83%
The five-year average increase in median property values for Kirrawee,2232 has given property investors a potential capital gain of 52.61% across each of those five years.
Our latest figures would indicate that property sellers in Kirrawee are currently offering property investors an average price cut of -4.54% below the asking price at the moment.
Residents and property investors in Kirrawee have been waiting around 48.8049 days to sell a property.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 3.73%
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Houses fly off the shelves
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.