Suburb Profile Report for Kirrawee NSW (2232)

Kirrawee House: Median price $1,192,000, Annual capital growth 8.12%, Number of sales 87, Weekly median advertised rent $700

Kirrawee Unit: Median price $730,000, Annual capital growth 8.55%, Number of sales 73, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kirrawee has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.67% to date .

Comparing Kirrawee,2232 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -7.47% to buyers in Kirrawee at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $700 mark per week – giving a return of 3.05% based on the median price in Suburb

Over the last year, property investments in Kirrawee, 2232 have given investors a capital gain of 0.69%. This compares averagely with the 2.79% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kirrawee has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Kirrawee should be aiming for at least -4.04% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Kirrawee the average time real estate has been on the market is 42.45 days.

Kirrawee, 2232’s gross rental yield is 3.42%

Information supplied by:


October 2017

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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.Full summary

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.

Close
Metrics i HOUSE UNIT
$1,192,000 $730,000
-0.67% -8.75%
-0.67% 0.69%
8.12% 8.55%
$700 $480
87 73
3.05% 3.42%
49.05 42.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Kirrawee NSW
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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Recent sales & rentals