Giving property investors a an average capital gain of 1.41% for the last year, Kariong, 2250 is the 2428th highest performer in Australia in this respect.
While Kariong,2250 ranked number 857th in NSW for increase in median house value (annualised) increase, it is ranked 425th over the last 5 years.
Our latest figures would indicate that property sellers in Kariong are currently offering property investors an average price cut of -4.83% below the asking price at the moment.
Over the last year, property investments in Kariong, 2250 have given investors a capital gain of 4.94%. This compares favourably with the 1.12% for NSW as a whole.
Over the longer term, Kariong has seen property prices show investors a 28.91% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.07% to buyers in Kariong at the moment, which is less than average for the rest of NSW.
The NSW suburb of Kariong, 2250 is in the Central Coast (C) (NSW) local government area.
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Information supplied by:
August 2018
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Situated along the Central Coast, the suburb of Kariong is the site of the Gosford glyphs. It has grown even more popular with renters in the May 2017-2018 period, as the average vacancy rate fell sharply from 1.4% to 0.5%Full summary
Occupancies almost non-existent
Postcode: 2250
Median house price: $673,200
Vacancy rate: 0.5%
Three-year growth: 39.1%
Situated along the Central Coast, the suburb of Kariong is the site of the Gosford glyphs. It has grown even more popular with renters in the May 2017-2018 period, as the average vacancy rate fell sharply from 1.4% to 0.5%.
The weekly rent rate comes in at $510, with landlords able to reap an average rental return of 3.9%. While house prices have increased consistently since 2013, the May 2018 quarter recorded a 1% drop in values.
Kariong’s appeal to renters may be in its proximity to Gosford. Buses leaving from Langford Drive can take commuters to the CBD, and Kariong residents have access to amenities in the third largest urban centre in the state. This includes shopping districts like William Street Mall and the Imperial Shopping Centre, as well as recreational spots like Kibble Park.
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