Ku-Ring-Gai Council, NSW

Ku-ring-gai Council is a local government area in the state of New South Wales, Australia. It is located in Northern Sydney (Upper North Shore). The Guringai Aboriginal people were believed to be the area’s traditional proprietors. Recent study indicates that this was not the case.

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The Pacific Highway and the North Shore railway line are two major transportation corridors that go through the region. Due to its fertile soils and lofty location as part of the Hornsby Plateau, Ku-ring-gai was previously covered by a wide tract of dry sclerophyll forest, remnants of which constitute part of the Ku-ring-gai Chase National Park. Additionally, there are several household gardens throughout Ku-ring-residential gai’s areas.

Professionals account for 39.3 % of jobs in Ku-ring-gai, followed by managers at 21.1 %, clerical and administrative workers at 13.3 %, sales workers at 8.2 %, and community and personal service workers at 7.2 %.

In Ku-ring-gai, the median weekly personal income for residents aged 15 years and over is $942.

In Ku-ring-gai, 73.5 % of inhabited private residences are detached houses, 4.0 % are semi-detached, row or terrace houses, townhouses, etc., 22.2 % are flats or apartments, and 0.1 % are other housing.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Ku-Ring-Gai Council, NSW

What other property markets are there near Ku-Ring-Gai Council, NSW?

Ku-Ring-Gai Council is surrounded by 4 other council areas – Hornsby, Ryde, Northern Beaches, Willoughby.

Suburbs/localities in this Local Government Area: East Killara 2071, East Lindfield 2070, Gordon 2072, Killara 2071, Lindfield 2070, North Turramurra 2074, North Wahroonga 2076, Pymble 2073, Roseville 2069, Roseville Chase 2069, South Turramurra 2074, St Ives 2075, St Ives Chase 2075, Turramurra 2074, Warrawee 2074, West Pymble 2073

2 thoughts on “Ku-Ring-Gai Council, NSW”

  1. Year 2019 market outlook for Ku-Ring-Gai, NSW

    Changes in the housing market have impacted most of Australia in the past 12 months. Decreasing median prices in the capital cities, the federal election and uncertainty around taxation reform have impacted buyers’ confidence in the first half of 2019. Melbourne and Sydney may have reached their ‘troughs’ with prices increasing only 0.2 and 0.1 per cent (according to the Sydney Morning Herald) respectively in the month of July.

    On the other hand, rate cuts in June and July by the Reserve Bank of Australia have boosted demand while revised serviceability assessments have made loans slightly easier to attain (ABC 1 August 2019). Interest rates remain in 1 per cent at the time of publication.

    What Ku Ring Gai property types are in most demand?

    Ku Ring Gai has a smaller range of property types compared with some other council areas. With a total of 1135 houses and 581 units sold in the past 12 months, four-bedroom dwellings are the most popular. Detached homes represent the largest portion of sales, with units the second most popular option. Sales of four and five bedroom homes are dominant in this region, compared with the popularity of three-bedroom homes in other regions.

    Median prices in the past decade for Ku Ring Gai have experienced volatile changes. From 2007 to 2015, values increased by 50 per cent, followed by a gradual slow down in price growth bottoming at 0 per cent in 2018. In 2019 the local housing market experienced its’ first decline in 10 years with prices crossing the red line into the negative region with yearly change of -1 per cent. HtAG forecast a marginal median price decline for houses within the next two years. However, considering overall changes to property values in the last decade, Ku Ring Gai median house price has increased by 76 per cent.

    2019 Capital Growth Heatmaps for Ku Ring Gai houses

    With median price growth entering the negative territory in 2019, Ku Ring Gai has experienced a range of price changes in the past 12 months. The heatmaps tab within our set of available tools illustrates the annual median price change for a specific area, in this case Ku Ring Gai, for 2018 to 2019.

    Price changes for houses in Ku Ring Gai range from negative 3.2 to positive 1.5 per cent for the past 12 months. East Killara experienced the strongest growth at 1.52 per cent while Turramurra experienced a decline of 3.17 per cent. Given these changes, it is important to note that some suburbs may have characteristics such as a low number of property sales, which tends to produce low confidence medians. In these situations a single discounted sale may skew the suburb’s overalll median price. At a minimum an average of 10 sales is needed for a suburb to exhibit an accurate measurement of price median values.

    Warrawee, Pymble and East Lindfield experienced almost neutral median price changes, between minus 0.67 and 0.65 per cent. Given the market cycle position, we can expect the percentage growth to increase slightly or stay the same across the region.

    The overall trend shown in the heatmaps tab shows a range of sale prices spanning from $1,100,000 to $3,100,000, shown in red, orange, yellow, light and dark green. The suburbs of Turramurra, South Turramurra, West Pymble, and Killara show a dominant red heatmap representing sale prices of $1,100,000 to $1,500,000. The central areas of Pymble, Gordon, Killara, Lindfield and Roseville show a light green to dark green heatmap representing sale prices of $2,200,000 to $3,100,000. The north east suburbs of North Turramurra, St Ives, East Killara and East Lindfield have a mixed range from orange to dark green.

    2019 Capital Growth Heatpas for Ku Ring Gai units

    Units in Ku Ring Gai have seen a 52 per cent increase from 2007 to 2015, followed by a gradual slowdown in growth bottoming at just 1% in 2019. HtAG forecasts a 7 per cent increase in the median price for units within the next two years.

    Most of the suburbs in Ku Ring Gai have experienced some positive growth, up to nine per cent, in the past year. However, St Ives experienced a reduction of 2.04 per cent in the value of units. St Ives has had only five sales this quarter which is commonly a poor indicator of median price confidence.

    The highest growth area with dark green is Lindfield with price growth of 9.42 per cent. There have been only three sales this quarter, however this number is likely to duable by the time the quarter is closed. Given the market cycle position, we can expect the overall value of units to increase for most of the Ku Ring Gai area.

    The overall trend shown in the heatmaps tab shows a dominant red to yellow range, representing sale prices from $500,000 to $1,200,000. The number of dots in the heatmap is limited due to lower numbers of sales of units compared with other council areas. The activity is also concentrated in the central area.

    Warrawee, Turramurra and Pymble have more dominant red heatmaps representing $500,000 – $600,000 sale prices. Gordon, Killara and Lindfield have a array of red to dark green heatmap representing sale prices ranging from $500,000 to $1,800,000. However, there have been a relatively small number of sales within each colour bin.

    Conclusion

    The overall property market outlook for Ku Ring Gai shows mixed demand; houses will likely experience a minor decline in median price and units are set to continue exhibiting positive marginal growth. Two-bedroom units and four-bedroom homes are the most popular across the region. The area has experienced a range of price changes indicating a diverse mix of opportunity. There is stronger demand for properties in the central area while more expensive properties in the outer areas of the council area may experience a softening of sale price. Units across the LGA show strong demand, especially those in the central areas.

  2. Are you a real estate professional with an extensive knowledge of the Ku-Ring-Gai Council property market? What is the outlook of the market from your point of view? Our members would love to hear from you! Share your insights in a comment below.

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