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Karalee, QLD 4306
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,255,000
market range $1.2M-$1.3M
Median Unit
$920,000
Gross Yield (houses)
2.8%
1yr Growth (houses)
+10.4%
market range +2.5% to +15.0%
Investment snapshot for Karalee
Karalee has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Karalee market and investor summary
In Karalee, QLD 4306, the median house sells for around $1.3M, on a gross rental yield of 2.8% for houses. House prices have moved +10.4% over the past year and +52.5% over three years. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking. Houses also take time to sell, around 67 days on market, so plan for a slower exit if you ever need one.
Living in Karalee: people, income and schools
Karalee has a resident population of roughly 5,521, and the area has been growing steadily, up about 44% over five years. At a median age of 37, it reads as broadly working-age, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $133,000 a year (about $2,560 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 4 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Karalee sits about 22 km from the CBD. It is fairly car-dependent; the suburb scores 14 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,521
- +44% over 5yr
- Median age
- 37 years
- Median household income
- $133,000/yr
- Households renting
- 13%
- Family households
- 88%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1045
- Unemployment
- 3.0%
- Distance to CBD
- 22 km
- Walk score
- 14/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Karalee
View all →Frequently asked questions about Karalee
What should I check before investing in Karalee?
Karalee has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +10.4% in the past year shows strong recent price momentum. 3-year capital growth of +52.5% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Karalee?
The median property price in Karalee, QLD 4306 is $1.3M for houses and $920K for units.
What rental yield does Karalee show?
The gross rental yield in Karalee is 2.8% for houses and 2.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Karalee?
House prices in Karalee are up 10.4% over the past year and up 52.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Karalee?
The current vacancy rate in Karalee is 1.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Karalee?
Karalee has a population of approximately 5,521 residents, with a median age of 37.
What schools are near Karalee?
There are 4 schools within roughly 5km of Karalee. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Karalee affordable to buy in?
A median house in Karalee costs about 9.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Karalee's population growing?
The population of Karalee has grown about 44% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Karalee from the CBD?
Karalee is about 22 km from the CBD.
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