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
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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.