Karana Downs is a smaller suburb 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Karana Downs is $915,000, having grown strongly 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 6,244 incidents per 100,000 population.
From an investment perspective, Karana Downs offers a gross rental yield of 2.3%, rated as 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.
Karana Downs is a smaller suburb 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Karana Downs is $915,000, having grown strongly 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 6,244 incidents per 100,000 population.
From an investment perspective, Karana Downs offers a gross rental yield of 2.3%, rated as 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.