Thinking about buying in Karawatha? Now could not be a better time, with just 275 residential dwellings it's a highly sought after location.
The average property price for this area is $679,000 with prices in this suburb ranging from $427,000 to $972,000.Distance to the coast is 18 Km.
Consistent high demand relative to supply is a key feature in Karawatha driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Karawatha due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Karawatha classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Karawatha requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|Median Weekly Rent||$585.00|
|Median Monthly Mortgage||$2600.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||4.00|
|Average Cars Per Dwelling||3.53|
|Average Properties Within 50M||18.00|
|10 LOMATIA ST, KARAWATHA, QLD, 4117||5||2||2||Submit all offers by Monday 27th March by 5pm|
|23 WALLUM ST, KARAWATHA, QLD, 4117||4||2||2||1000000|
Islamic College of Brisbane(While the above schools are located with the suburb of Karawatha there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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