Kareela

POSTAL CODE: NSW, 2232
HOUSE

KAREELA, 2232 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling KAREELA, 2232 values up and netting property investors a capital gain of 7.18% for the past year.

Investors saw the median home price rise to $1,755,000.

Profits due to an upward trend in home prices in the suburb averaged 6.19% per annum over a 3-year period.

KAREELA now ranks at the 457th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in KAREELA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1200 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KAREELA, homes and units usually stay on listing for an average of 40.4 days.

In 2016, 50 properties were sold in KAREELA during the past year, making it the 391st most active market in NSW based on total real estate transactions.

Surburb overview

Kareela is a residential suburb in the Sutherland Shire, located about 24 kilometres south of the Sydney central business district. It is positioned between Sylvania to the north and Jannali to the south, with Oyster Bay forming its western boundary. Established in the 1960s, the suburb is characterised by tree-lined streets and homes built along elevated terrain, many with views of the Georges River.

The suburb has a population of around 3,400 people, according to the most recent census. Most residents were born in Australia, with smaller groups from England, New Zealand and China. English is the dominant language spoken at home, while other languages include Greek and Mandarin. Families with children make up a large proportion of the demographic, alongside older couples and long-term residents. Housing is primarily detached dwellings, with a mix of older homes and newer redevelopments reflecting a gradual change in the area.

Public transport in Kareela is limited to bus services, which connect the suburb to Jannali and Sutherland railway stations on the Illawarra line. From there, trains provide services to the Sydney CBD, Hurstville, Cronulla and Wollongong. Bates Drive and Box Road provide road access, linking Kareela with the Princes Highway and surrounding suburbs. Due to its hillside streets and limited direct transport, many residents rely on private vehicles.

Essential services are available within the suburb at Kareela Village, a shopping centre that includes a supermarket, specialty shops, cafes and community facilities. Additional services are available in nearby Sutherland and Miranda, which is home to Westfield Miranda. Educational needs are served by Kareela Public School, with high school options available in Jannali and the surrounding areas. Healthcare is provided at Sutherland Hospital and Kareena Private Hospital.

Recreational amenities include the Kareela Golf Course, a notable feature that offers sporting and social facilities. Local parks and reserves provide open space for walking and community sport, while the Georges River foreshore supports water-based activities. Proximity to the Royal National Park and Cronulla’s beaches further extends the recreational opportunities available to residents.

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