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Kogarah Bay

NSW 2217LGA: Georges River

Investment Score

78

/100

AI Intelligence Summary

Kogarah Bay is a premium waterfront suburb located 14km south of Sydney CBD in the sought-after St George region. This small, exclusive residential enclave offers direct access to Kogarah Bay and Georges River, creating a unique lifestyle opportunity with waterfront living close to urban amenities. The suburb is characterized by a mix of original post-war homes and modern renovated properties, with limited housing stock maintaining strong property values. Residents enjoy proximity to Kogarah town center with its shopping, dining, and transport links, while benefiting from nearby quality schools and St George Hospital. The area features excellent recreational opportunities including Carss Park and Carss Bush Park, along with boating and water activities. Demographics show an established community with higher median age and income levels, reflecting the suburb's premium positioning. The property market remains stable with moderate growth, supported by consistent demand for waterfront properties and limited supply. Transport connectivity is strong via Kogarah railway station on the T4 line, providing direct CBD access.

Strengths

  • Premium waterfront location with direct bay access
  • Limited housing stock maintaining exclusivity and value
  • Excellent transport connectivity via Kogarah station
  • Proximity to quality amenities in Kogarah town center

Opportunities

  • Renovation potential in older post-war homes
  • Growing demand for waterfront lifestyle properties
  • Potential for luxury development on larger blocks
  • Increasing appeal for downsizers seeking premium location

Considerations

  • Higher property prices due to waterfront premium
  • Limited housing stock restricting buyer choice
  • Potential flood risk due to waterfront location
  • Smaller community with fewer local commercial services

Property Market

Median House

$1.85M

+6.2% 1yr

Median Unit

$950K

+4.8% 1yr

Rent (House)

$980/wk

Rent (Unit)

$780/wk

Days on Market

30

Vacancy Rate

1.8%

Auction Clearance

72.0%

Price Growth

Type1 Year3 Year5 Year
House+6.2%+18.5%+32.8%
Unit+4.8%+15.2%+28.5%

Rental Yields

House Yield

2.8%

Unit Yield

4.2%

Investment Scorecard

Overall Investment Score78/100
Growth Potential75/100
Cashflow Score65/100
Risk Score (lower = safer)75/100
Affordability Index45/100

Demand/Supply Ratio: 2.20

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Kogarah Bay at median house price

Standard transfer
$84,140
First Home Buyer
$84,140
Foreign buyer surcharge
$148,000

+8% surcharge

Annual rent income
$50,960

$980/wk

Interest (80% LVR @ 6.5%)
-$96,200
Other expenses (~2.5%)
-$46,250
Net rental position
-$91,490

Negatively geared

Tax benefit (39% MTR)
+$35,681

Reduces taxable income

After-tax holding cost
$55,809/yr

~$1,073/week

Based on 6.6% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$2.54M
Capital gain
$598,418
After discount
$299,209
CGT payable
$116,692

10-Year Hold

Est. value
$3.49M
Capital gain
$1.55M
After discount
$774,464
CGT payable
$302,041

Investor Quick Summary

Entry cost (stamp duty)

$84,140

After-tax yield

1.71%

Weekly holding cost

$1073/wk

10yr CGT (est.)

$302,041

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

850

Median Age

47

Median Income

$95K

per annum

Family Households

68.0%

Professionals

52.0%

University Educated

48.0%

Unemployment

3.2%

Born Overseas

42.0%

Dwelling Mix

Houses: 85%Units: 12%Townhouses: 3%Total: 320

Lifestyle & Community

Walkability65/100
Public Transport7/10
Schools Rating8/10
Safety9/10
Family Friendly8/10
Cafes & Restaurants

12

Parks

5

Hospitals

1

Distance to CBD

14.0 km

Nearest Station: Kogarah Station

Waterfront living with boating, water sports, parkland access, and proximity to urban amenities

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Data sourced from multiple sources. Last updated 27 March 2026.

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