Kurnell Insights - Dec 2024
Kurnell, NSW 2231: Coastal Charm with Family Appeal
Kurnell, situated along the southern Sydney coastline, is a suburb known for its natural beauty and family-friendly atmosphere. Spanning 24.5 square kilometers, Kurnell boasts 15 parks covering 53% of its area, offering residents abundant green space and coastal views. The population increased slightly from 2,214 in 2011 to 2,273 in 2016, reflecting a 2.7% growth.
Housing Market Trends
Kurnell’s housing market remains strong, with the median house price at $1.76 million as of November 2024. Over the past year, 21 houses were sold, with prices ranging from $1.46 million at the lower quartile to $1.98 million at the upper quartile. Properties spent an average of 48 days on the market, showing moderate demand. The median asking rent for houses is $910 per week, yielding a 2.9% rental return.
Unit Market Trends
The unit market in Kurnell is small but stable, with 6 units sold in the past year. The median unit price is $1.21 million, with units offering a median rent of $690 per week and a rental yield of 3.6%. Units in Kurnell cater to downsizers or buyers seeking a coastal lifestyle at a more affordable price than houses.
Kurnell
Land Market
The land market in Kurnell is extremely limited, with only 1 land sale recorded in the past 12 months. The median price for land is $907,500, reflecting the rarity and value of development opportunities in the area.
Rental Market
The rental market in Kurnell offers opportunities for investors. The median rent for houses is $910 per week, although rental rates have decreased by 9.0% over the past year, likely due to market adjustments.
For units, the median rent is $690 per week, with stable demand and strong rental yields at 3.6%, making them an appealing option for investors.
Recent Market Activity
Kurnell’s property market has seen steady activity:
21 houses were sold over the past year, with a median price of $1.76 million and properties taking an average of 48 days to sell.
The unit market recorded 6 sales, with a median price of $1.21 million, showcasing demand for more compact living in this coastal suburb.
Only 1 land sale occurred, underlining the limited opportunities for new developments in Kurnell.
This moderate level of market activity highlights the tightly held nature of Kurnell properties, particularly for houses and land.
Community and Lifestyle
Kurnell is a family-oriented suburb, with 55% of households consisting of couples with children. The predominant age group is 40-49 years, and the area has a strong trade-based workforce. A significant portion of households, 24.9%, earn between $78,000 and $130,000 annually, emphasizing its middle to upper-middle-class demographic.
Investment Potential
Kurnell offers a mix of premium houses, stable unit prices, and limited land opportunities, making it a solid investment location. With its coastal charm, ample green spaces, and family appeal, Kurnell remains a desirable suburb for both homeowners and investors seeking long-term value.