Karabar (postcode 2620) is a mid-sized suburb in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 8,517 residents, with an established family demographic and a median age of 38. Households earn a median income of $103K per year, with an average household size of 2.6 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 clerical & administrative, technicians & trades, professionals. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are Australian, English, Irish.
Karabar has a median house price of $819,000, which has moved higher by 4.9% year-on-year. Units have a median price of $567,000 (-3.1% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,950.
Karabar is served by 1 school, including 1 special. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices sit below the state median ($819K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +4.9% year-on-year.