Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $600,500, Annual capital growth 5.85%, Number of sales 103, Weekly median advertised rent $463

Kariong Unit: Median price $405,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 6.05% for the last 12 months, Kariong, 2250 has performed for property investments than its average annual 5.85% property growth over the last 5 years.

Kariong,2250 has offered an average of 6.05% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kariong, 2250. Typically our figures indicate that -3.77% is being offered, which puts this NSW suburb at 3322th most discounted overall in Australia.

Situated 48.24km from the CBD, Kariong is one of Gosford localities in the postcode 2250.

Comparing Kariong,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Kariong is giving property investors an average Vendor Discount of around -0.40%. This puts suburb at number 466th in NSW when ranking the most discounted suburbs.

At number 50 in a list of fastest selling suburbs, Kariong is in the TOP 10% of suburbs in Australia with an average of days on market 35.2 for properties listed there.

Renters in Suburb are facing rents around $4620 per annum or $385 every week.

YIP MAG Information supplied by:

YIP MAG
June 2016

M
O

W
E
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
$600,500 $405,000
-0.83% -1.22%
6.05% N/A
5.85% N/A
$463 $385
103 10
4.00% 4.94%
28.8 35.2

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
Chart Table
Recent sales & rentals