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Karalee

POSTAL CODE: QLD, 4306
HOUSE

Homeowners and real estate investors betting on KARALEE, 4306 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 14.08%.

A steady increase in median property prices over a five-year period in the suburb translates to a 30.56% capital gain.

Property investors in KARALEE enjoyed capital gains of 14.08% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb 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 $1,175,000.

Profits due to an upward trend in home prices there averaged 10.19% per annum over a 3-year period.

Home owners selling their properties and realtors in KARALEE usually have to wait an average of 44.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $680 mark, reflecting a 3.01% increase in returns based on the current median price in KARALEE.

KARALEE, 4306 places 814th in Australia based on median property value growth during the quarter.

Surburb overview

Karalee is a rural residential suburb in the City of Ipswich, Queensland, located approximately 8.9 kilometres northeast of the Ipswich Central Business District and about 38 kilometres southwest of Brisbane's Central Business District. The suburb spans an area of 15.6 square kilometres and is bordered by the Brisbane River to the north and north-east, and the Bremer River to the south.

According to the 2021 Census, Karalee had a population of 5,521 residents. The suburb is characterised by a predominantly Australian-born population, with 93.4% of residents speaking only English at home. The most common ancestries reported were English (30.1%), Australian (29.2%), Scottish (8.9%), Irish (8.7%), and German (6.7%).

Public transportation in Karalee is limited, with a significant reliance on private vehicles. On Census day, 67.1% of employed residents travelled to work by car, while only 2.2% used public transport.  The suburb's road network provides access to nearby areas, but the availability of public transport services remains minimal.

Essential establishments in Karalee include the Karalee State School, a government primary school located at 77 Arthur Summervilles Road, which offers education from Prep to Year 6 and consists of a special education program.  The suburb also features a shopping village housing a Woolworths, a Coles, a newsagent, and other retail outlets. Healthcare services are accessible in neighbouring suburbs, with facilities such as the Flinders Peak Medical Centre and Yamanto Family Practice nearby.

Various parks and reserves support recreational activities in Karalee. The suburb offers opportunities for outdoor activities, including walking and cycling, as part of the Ipswich City Council's Recreational Cycling and Walking Action Plan.  Additionally, the nearby Colleges Crossing provides a popular spot for picnics, fishing, and enjoying the natural surroundings along the Brisbane River.

Karalee's blend of rural charm, essential amenities, and proximity to natural attractions contributes to its appeal within the Ipswich region.

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