Jannali Property Insights - Sept 2024
Jannali, NSW 2226: Suburb Property Market Overview
Jannali is a suburban gem located in Sydney’s southern region, offering a perfect mix of family-friendly living and professional opportunities. Covering 2.3 square kilometers, this suburb boasts 10 parks that make up 23% of the total area, providing ample outdoor space for recreation. With a population of 6,189, Jannali has experienced a steady growth of 3.9% between 2011 and 2016, and the predominant age group is 40-49 years.
Housing Market Trends
The housing market in Jannali is experiencing steady growth. As of August 2024, the median house price is $1.52 million, reflecting a 6.8% increase from the previous year. Over the past 12 months, 74 houses were sold, with properties spending an average of 39 days on the market, indicating healthy demand.
The price range for houses varies, with the lower quartile at $1.40 million and the upper quartile at $1.74 million, appealing to a wide range of buyers. The median rent for houses is $825 per week, with rental yields at 3.2%, making it an attractive option for investors seeking consistent returns.
Unit Market Trends
The unit market in Jannali is also growing, with the median unit price at $856,000—a 7.6% increase over the past year. A total of 39 units were sold in the last 12 months, with an average of 22 days on the market, highlighting strong demand. The median rent for units is $595 per week, with rental yields at 4.1%, offering better returns compared to houses.
Jannali Property
Land Market
The land market in Jannali is limited, with just 1 property sold in the past year. Due to the scarcity of land, this represents a unique opportunity for buyers looking to develop in this popular suburb.
Demographics and Lifestyle
Jannali is a family-centric suburb, with couples with children making up 51.1% of households. The suburb also appeals to single parents, who make up 16.2% of the population. The community is largely professional, and households typically earn moderate to high incomes, with 15% of residents earning over $182,000 annually.
With its mix of parks, schools, and easy access to Sydney, Jannali continues to be a desirable location for families and professionals alike.
Investment Potential
Jannali’s combination of rising property values, strong rental yields, and a family-friendly atmosphere makes it a prime investment location. Whether buying a house or a unit, the suburb offers opportunities for both owner-occupiers and investors looking for long-term growth.