Karalee (postcode 4306) is a medium-sized suburb in Queensland within the Ipswich local government area. It is home to about 5,521 residents, with a mix of young professionals and families and a median age of 37. Households earn a median income of $133K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Karalee is $965,000, having surged by 18.4% over the past year. The current median weekly rent is $610. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,133.
Karalee is served by 1 school, including 1 primary. The average ICSEA score is 1041, which is around the national average of 1,000. The crime rate in the Ipswich LGA is moderate at 6,631 incidents per 100,000 population.
From an investment perspective, Karalee shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($965K/$1.1M). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +18.4% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.