Killara (postcode 2071) is an established suburb in New South Wales within the Ku-ring-gai local government area. It is home to about 10,620 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $146K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. 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 professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
Median house prices in Killara stand at $3.9 million, having moved lower by 4.7% over the last twelve months. Units have a median price of $1.3 million (+24% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,300.
Killara is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1153, which is well above the national average of 1,000. Public transport access includes 6 ferry wharfves, 51 bus stops. The crime rate in the Ku-ring-gai LGA is low at 930 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.1%, which reads 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 26.5x is considered stretched. House prices have moved -4.7% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.