Karawara

POSTAL CODE: WA, 6152

HOUSE

Property investors have seen a -4% drop in KARAWARA based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains KARAWARA, 6152 saw average growth in the long term.

The WA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $912,000

Profits averaged 7.33% per annum over a 3-year period, due to an upward trend in home prices in KARAWARA, 6152.

This means, real estate investors could earn a rental income of $710 based on current median home prices for the suburb.

The gross rental yield in KARAWARA, 6152 is 4.05%.

An average of 1.33 real estate transactions take place per month in KARAWARA which translates to 16 per annum.

Surburb overview

Karawara is a residential suburb located within the City of South Perth, approximately 7 kilometres south of Perth’s central business district. Established in 1973 on land formerly part of the Collier Pine Plantation, the suburb's name is derived from an Aboriginal word meaning "green."

According to the 2021 Census, Karawara had a population of 1,842 residents living in 684 dwellings, with an average household size of 2.57 people. The suburb exhibits a diverse demographic profile, including families, students, and professionals.

Several Transperth bus routes, including the 30, 34, 100, and 101, facilitate public transportation in Karawara. These routes connect Perth CBD, Curtin University, and the surrounding suburbs. The nearest train station is Canning Bridge on the Mandurah Line, accessible via connecting bus services.

Essential amenities within Karawara include the Village Green Shopping Centre, which houses a Coles supermarket, IGA, and 38 specialty stores. Educational facilities include Curtin Primary School and Como Secondary College, which is near Curtin University.

Recreational spaces are abundant, with George Burnett Park offering sports facilities, playgrounds, and an outdoor skate park. The suburb features a network of pedestrian access ways connecting residential areas to green spaces and amenities.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$912,000	N/A
Growth Report
Median Quarterly	-4%	N/A
Median 12 month	-11.46%	N/A
Median 3 years	22.83%	N/A
Median 5 years	46.51%	N/A
10 years average annual	8.26%	N/A
Weekly media advert. rent	$710	N/A
Time on Market	35 days	N/A
Gross Rental Yield Percent	4.05%	N/A

Demographics (Median Values)*

Total Population 25463

Weekly Household Income 1662

Household Size 2.30

Average Age 36

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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