Question 1

Is Kareela a nice place to live?

Accepted Answer

Kareela is a quiet, established pocket of the Sutherland Shire with tree-lined streets, low-rise brick and weatherboard houses and some newer townhouse pockets. There’s a compact local shopping village for day-to-day needs and larger retail centres close by in neighbouring suburbs. The suburb attracts families and downsizers who favour a suburban pace, handy parks and local schools, and commuters make use of nearby Jannali and Kirrawee train stations and local bus routes. Overall it feels peaceful and well connected to the wider amenities of the Shire.

The community of 3,572 people has a median age of 42 and a typical household income of $2,765 a week (about $143,780 a year). Families make up the bulk of households, and homes are overwhelmingly owner-occupied (95.1% combined), with renters at 4.9%. Council-led upgrades to sports fields and open space are under way, including improvements at the local oval and soccer centre and a planned smaller recycling facility for Kareela, which add to everyday recreational options. Whether Kareela suits you will depend on the pace and mix of amenities you want.

Question 2

Is it expensive to live in Kareela?

Accepted Answer

Against what a typical local household earned at the last Census, Kareela's median house price of $1,800,000 works out to about 12.5 times a local year's household income, which sits well above local incomes. The average house rent of $1,200 a week would take roughly 43.4% of a typical local household's weekly income at the last Census, a large share. On these figures, buying a house is the more stretched option, and renting a house would also take a large portion of a local household's income; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Kareela a good place to invest?

Accepted Answer

House rents in Kareela jumped 14.3% over the past year. House values rose a solid 7.4% in the same period, so rental income has grown faster than capital value and the rent a house earns has been the stronger performer this year. Which of those outcomes matters to you depends on whether you are prioritising rental income or capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.80M	N/A
Change in value Past 12 months	7.4%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	38	N/A
Average rent Past 12 months	$1200	N/A
Change in rent Past 12 months	14.3%	N/A

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