Kareela is a smaller suburb in New South Wales within the Sutherland Shire local government area (postcode 2232). With a population of 3,572, the suburb has an established demographic with a median age of 42. Households earn a median income of $144K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Kareela is $1.8 million, having grown strongly 7.7% over the past year. Units have a median price of $1.1 million (+10.8% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $3,000.
Kareela is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Kareela offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +7.7% year-on-year.
Kareela is a smaller suburb in New South Wales within the Sutherland Shire local government area (postcode 2232). With a population of 3,572, the suburb has an established demographic with a median age of 42. Households earn a median income of $144K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Kareela is $1.8 million, having grown strongly 7.7% over the past year. Units have a median price of $1.1 million (+10.8% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $3,000.
Kareela is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Kareela offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +7.7% year-on-year.