2/17 Hakea Street, Karabar NSW 2620
2/17 Hakea Street, Karabar NSW 2620
Renovated townhouse in tight complex | Top school catchment | Auction in two weeks | Strong rental yield for investors
This property presents a rare buying proposition within a small complex of only eight units, where renovated two-bedroom townhouses with two car spaces and a private courtyard are seldom available. The complete renovation removes deferred maintenance risk and offers immediate liveability, which is a genuine advantage for both owner-occupiers and investors in the current market. The school catchment positioning within walking distance to Karabar High School and Queanbeyan South Public strengthens its appeal to families, while the rental yield of 4.8% and NBN FTTP connectivity support investor confidence. The property best suits first-home buyers seeking a turnkey home or investors wanting a low-management holding in a location with steady demand.
The bushfire overlay is a specific risk that should be verified with the council regarding any future insurance or development constraints, though it does not appear to have affected recent sales. The auction date in two weeks creates a defined timeline that may limit negotiation flexibility for buyers who need finance approval or building inspection reports. The suburb’s recent -3.9% growth suggests limited short-term capital gains, but the property’s renovated condition and strong rental metrics partially offset this. The absence of strata fee details means the buyer should confirm quarterly charges before bidding, as these directly affect net yield and holding costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/17 Hakea Street, Karabar NSW 2620
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Karabar presents as a stable, affordable entry point within the broader region, attracting buyers with its relative value. Demand is supported by families, drawn by recent upgrades to local education facilities, and investors, with rental yields remaining solid. The housing market demonstrates modest, steady growth, while the unit segment shows varied performance. Future prospects are linked to the ongoing revitalisation of the local retail precinct, though the market’s sensitivity to broader economic conditions remains a consideration given its established trajectory.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
196m²
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