Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $625,750, Annual capital growth 6.25%, Number of sales 98, Weekly median advertised rent $460

Kariong Unit: Median price $410,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

YIP MAG Information supplied by:

YIP MAG
June 2016

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Investors considering Kariong on the NSW Central Coast should probably act sooner rather than later.Full summary Investors considering Kariong on the NSW Central Coast should probably act sooner rather than later.

Firstly, they’re likely to miss out on whatever affordability is left in the area, with the median house price already closing in on $590,000 after growing 52% in the last five years.

On a more immediate note, those who drag their feet are likely to find the property they’re interested in has already sold, with houses in Kariong only spending an average of 24 days on the market.

There are some obvious reasons why houses in Kariong have become so sought after.

The suburb is just a short drive from the centre of Gosford, which provides healthcare, public transport and shopping facilities, while there are a number of schools in and around Kariong.

The suburb also offers some tranquillity as it sits on the northern fringe of the Brisbane Water National Park.Close
HOUSE UNIT
$625,750 $410,000
3.43% 1.23%
7.89% N/A
6.25% N/A
$460 $395
98 11
3.82% 5.01%
29.96 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Kariong NSW
Demographics
Total population 6451
Median household income ($/weekly) 1456
Median age of persons 33
Median housing loan repayment ($/monthly) 1967
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1113 17.3
    15-19 years 656 10.2
    25-34 years 759 11.8
    35-44 years 1028 15.9
    45-54 years 986 15.3
    Others 1909 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 2383 53.3
    Not Married 1701 38.1
    Defacto Relationship 385 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5178 83.2
    Papua New Guinea 146 2.3
    Philippines 34 0.5
    United Kingdom 430 6.9
    Other 142 2.3
    Others 291 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 1.0
    Christianity 4550 76.0
    Hinduism 19 0.3
    Islam 39 0.7
    No Religion 1287 21.5
    Others 29 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 170 9.4
    $1,000-$1,249 169 9.3
    $1,250-$1,499 183 10.1
    $1,500-$1,999 311 17.1
    $2,000-$2,499 214 11.8
    Others 770 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1999 42.9
    Not in the labour force 1339 28.7
    Employed, worked part-time 960 20.6
    Employed, away from work 186 4.0
    Unemployed, looking for work 175 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 466 14.8
    Technicians & trades workers 550 17.5
    Community & personal service workers 358 11.4
    Clerical & administrative workers 537 17.1
    Sales 373 11.9
    Others 862 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 184 9.5
    Infants/Primary 690 35.6
    Secondary 642 33.1
    Technical or Further Educational Institution 176 9.1
    University or other Tertiary Institutions 201 10.4
    Others 45 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5824 94.6
    Semi-detached, row or terrace house, townhouse 328 5.3
    Flat, unit or apartment 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1114 56.0
    Fully owned 469 23.6
    Rented 396 19.9
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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