Karana Downs is a smaller residential area in Queensland within the Brisbane local government area (postcode 4306). With a population of 3,800, the suburb has an established demographic with a median age of 41. Households earn a median income of $117K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Karana Downs is $915,000, having risen solidly by 9.3% over the past year. Units have a median price of $540,000 (+8% YoY). The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,800.
Karana Downs is served by 1 school, including 1 primary. The average ICSEA score is 1048, which is around the national average of 1,000. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($915K/$1.1M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +9.3% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.