Kirrawee Property Insights - April 2024

Kirrawee, NSW 2232: Well-Connected and Rapidly Growing

Kirrawee has grown into a dynamic and sought-after suburb in the Sutherland Shire, thanks to its proximity to transport, shopping precincts, and quality schools. With 15 parks spread across 3.5 square kilometres, the area offers a great mix of convenience and green space. The population rose 3.3% between 2011 and 2016, and the suburb now balances both family households and an increasingly vibrant apartment market

Housing Market Trends

Kirrawee’s housing market continues to perform strongly:

• Median house price: $1.675 million

• Upper quartile: $1.861 million

• Lower quartile: $1.5 million

• Median rent: $950 per week

• Rental yield: 3.1%

• Average tenure: 16.3 years

• Average days on market: 27​

House prices rose 2.8% year-on-year, and while price growth has stabilised, values have recovered well after a dip in 2023

Unit Market Trends

Kirrawee’s unit market is vibrant and growing:

• Median unit price: $874,000

• Upper quartile: $1.20 million

• Lower quartile: $730,000

• Median rent: $750 per week

• Rental yield: 4.3%

• Average tenure: 7.8 years

• Average days on market: 21​

Units experienced an 11.2% increase in median value over the past year, one of the strongest in the region, reflecting ongoing demand from downsizers, professionals, and investors​

Kirrawee

Land Market

The land market remains very limited:

• 5 land sales in the past year

• Median land price: $1.125 million​

Due to the low number of transactions, this segment offers few opportunities but underpins the value of existing housing stock.

Rental Market

Kirrawee’s rental market is strong:

• House rent: $950/week, up 10.5% year-on-year

• Unit rent: $750/week, up 7.1% year-on-year

• Rental yield: 3.1% for houses, 4.3% for units

• 90 rental observations for houses, 185 for units—indicating a strong and active rental market​

These figures reflect Kirrawee’s appeal to both investors and renters, particularly those seeking proximity to rail links and urban convenience

Recent Market Activity

Kirrawee saw active sales across all property types in 2024:

• 96 houses sold, totalling over $157 million in transaction value.

• 171 units sold, with total value at $165 million.

• House sales were concentrated in the $1M–$2M bracket, with 9 sales above $2M.

• Unit sales were distributed across a wide range, including 60 units between $1M–$2M, and one above $2M​.

Listings have remained consistent, with 81 new house listings and 114 new unit listings over the past 12 months, suggesting a relatively balanced market​

Community and Lifestyle

Kirrawee appeals to a broad cross-section of households:

• 48.8% couples with children

• 34.1% childless couples

• Income distribution is mid-range, with 14.1% earning over $182,000 per year.

• The predominant age group is 30–39 years, and a large number of residents work in professional occupations​.

The area’s mix of housing options supports a diverse and growing community.

Investment Potential

Kirrawee is a standout suburb for investors and owner-occupiers alike, thanks to:

• A booming unit market with double-digit value growth

• Stable house prices with strong rental returns

• High listing activity and turnover without oversupply

• Excellent rental demand, particularly for well-located apartments

With proximity to transport, shops, and schools, Kirrawee remains a strategic investment location in the southern Sydney corridor.