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%
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
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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.Close