Karaak Flat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 43, the suburb has a mature demographic with a median age of 48. Households earn a median income of $59K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Karaak Flat is $970,000, having surged 48.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,560.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Karaak Flat offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($970K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +48.5% year-on-year.
Karaak Flat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 43, the suburb has a mature demographic with a median age of 48. Households earn a median income of $59K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Karaak Flat is $970,000, having surged 48.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,560.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Karaak Flat offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($970K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +48.5% year-on-year.