Karabar is a mid-sized suburb in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). With a population of 8,517, the suburb has an established demographic with a median age of 38. Households earn a median income of $103K per year, with an average household size of 2.6 people. The most common occupations are clerical & administrative, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Karabar is $978,000, having surged 19.2% over the past year. Units have a median price of $635,000 (+11.5% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 3.2%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Karabar offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($978K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +19.2% year-on-year.
Karabar is a mid-sized suburb in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). With a population of 8,517, the suburb has an established demographic with a median age of 38. Households earn a median income of $103K per year, with an average household size of 2.6 people. The most common occupations are clerical & administrative, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Karabar is $978,000, having surged 19.2% over the past year. Units have a median price of $635,000 (+11.5% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 3.2%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Karabar offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($978K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +19.2% year-on-year.