Located in New South Wales within the Sutherland Shire local government area, Kangaroo Point is a close-knit residential community (postcode 2224). It is home to about 602 residents, with an older-leaning population and a median age of 46. Households earn a median income of $214K per year, with an average household size of 3.1 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward construction and professional services. The top ancestries reported are Chinese, Australian, English.
Median house prices in Kangaroo Point stand at $3.9 million, having risen steeply by 14.7% over the last twelve months. Units have a median price of $2.1 million. The current median weekly rent is $950. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $4,077.
Public transport access includes 1 bus stop. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
Looking at the investment signals, Kangaroo Point shows a gross rental yield of approximately 1.3%, rated as low yield. Property prices are above the state median ($3.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.2x is considered stretched. House prices have moved +14.7% year-on-year.