Kariong is an average performer in NSW when comparing median price capital growth over the last year. Kariong gave property investors a average capital gain figure when compared to the rest of the state, with 7.89%.
Over the longer term, Kariong has seen property prices show investors a 52.62% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Kariong is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1091th in terms of most discounted suburbs in NSW
In the last year 98 properties changed hands in Kariong, which puts it as the 290th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $460 mark per week – giving a return of 3.82% based on the median price in Suburb
With the median price for a house in Kariong being $410000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 5.01%