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Killarney Heights

POSTAL CODE: NSW, 2087
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 13.09% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,830,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1400.

Home owners selling their properties and realtors in KILLARNEY HEIGHTS usually have to wait an average of 69.2 days days before their assets are lifted off the market.

The NSW suburb ranks 852nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.57% return.

It also places places 1065th in Australia based on median property value growth during the quarter.

Surburb overview

Killarney Heights, situated approximately 12 kilometres north-east of Sydney's central business district, is a suburb within the Northern Beaches Council jurisdiction. Accessible via Warringah Road and the Roseville Bridge, it offers residents a reasonable commute to the city.

As of the 2021 Census, Killarney Heights had a population of 4,502 individuals. A significant majority, 63.8%, were born in Australia, with notable communities from England (6.3%), China (3.5%), France (2.7%), and Hong Kong (2.1%). English is the predominant language spoken at home, followed by French, Mandarin, and Cantonese. The suburb's demographic profile includes a substantial proportion of families with children, reflecting its family-friendly environment.

Public transportation in Killarney Heights includes bus routes operated by CDC NSW, which connect residents to the Sydney CBD and Chatswood. However, public transport options are limited, leading many residents to rely on private vehicles for commuting.

The suburb features a local shopping centre with essential amenities such as a bakery, café, fruit shop, and hairdresser. For more extensive shopping, residents often travel to Chatswood, which offers a broader array of retail and dining options.

Killarney Heights is renowned for its recreational facilities and natural surroundings. Garigal National Park borders the suburb, providing residents access to bushwalking trails and scenic views of Middle Harbour. Local amenities include athletic fields, basketball courts, and a swimming pool catering to various sporting activities.

The suburb is also home to Killarney Heights Public School and Killarney Heights High School, both of which have strong academic reputations and offer bilingual programs. These schools attract families seeking quality education for their children.

Regarding property, Killarney Heights has spacious homes and leafy streets. According to recent data, the median property price is approximately $2,500,000, with an annual capital growth of -0.70%. Rental yields for houses are around 2.84%, with a median rent of $1,400 per week.

Residents often highlight the suburb's peaceful atmosphere, strong community spirit, and convenient location, which balances suburban tranquillity and accessibility to urban amenities.

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