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Kareela, NSW 2232
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,830,000
market range $1.8M-$1.9M
Median Unit
$1,035,000
Gross Yield (houses)
3.4%
1yr Growth (houses)
+5.1%
market range -2.5% to +10.0%
Investment snapshot for Kareela
Kareela has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Kareela market and investor summary
Kareela (NSW 2232) runs a median house price of $1.8M, with houses yielding a gross 3.4%. House prices have moved +5.1% over the past year and +18.9% over three years. At 3.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Kareela: people, income and schools
About 3,572 people live in Kareela, and the area has been growing steadily, up about 7% over five years. The median age is 42, skewed a little older, and 95% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $144,000 a year, or roughly $2,770 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 60 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 20 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,572
- +7% over 5yr
- Median age
- 42 years
- Median household income
- $144,000/yr
- Households renting
- 5%
- Family households
- 87%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 60
- avg ICSEA 1086
- Unemployment
- 3.6%
- Distance to CBD
- 20 km
- Walk score
- 57/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Kareela
View all →Frequently asked questions about Kareela
What should I check before investing in Kareela?
Kareela has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.1% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Kareela?
The median property price in Kareela, NSW 2232 is $1.8M for houses and $1.0M for units.
What rental yield does Kareela show?
The gross rental yield in Kareela is 3.4% for houses and 3.3% 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 Kareela?
House prices in Kareela are up 5.1% over the past year and up 18.9% 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 Kareela?
The current vacancy rate in Kareela is 3.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Kareela?
Kareela has a population of approximately 3,572 residents, with a median age of 42.
What schools are near Kareela?
There are 60 schools within roughly 5km of Kareela. 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 Kareela affordable to buy in?
A median house in Kareela costs about 12.7 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 Kareela's population growing?
The population of Kareela has grown about 7% 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 Kareela from the CBD?
Kareela is about 20 km from the CBD.
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