If you were to buy a house locally at the current median price of $1,180,000 and had 10% deposit, then you would need a mortgage for $1,062,000. This is quite a large mortgage compared to state.
With a net change of 887 people, KAREELA 2232 has grown considerably when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,806 which is $806 more every month. As a percentage rise, this makes KAREELA, 2232 the number 188th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in KAREELA, 2232 have increased by $305. In the same period median mortgage loan repayments have increased by $806.