Killarney Heights (postcode 2087) is a smaller suburb in New South Wales within the Northern Beaches local government area. The area has roughly 4,502 residents and an established demographic, with a median age of 43. Households earn a median income of $178K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 English, Australian, Chinese.
The median house price in Killarney Heights is $2.8 million, having jumped by 10.7% over the past year. Units have a median price of $1.7 million (+97.8% YoY). The current median weekly rent is $1200. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $3,500.
Killarney Heights is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1141, which is well above the national average of 1,000. Public transport access includes 1 tram stop, 15 bus stops. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
From an investment perspective, Killarney Heights shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.7x is considered stretched. House prices have moved +10.7% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.