Property investors who have had real estate in Kariong, 2250 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.80%
Kariong,2250 was ranked 2759 in Australia by increase in median property value over the quarter.
Property buyers and investors in Kariong 2250 should be seeing an average reduction in asking price of around -5.41% . This means that Kariong is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 7.20%, investors should hope to achieve an overall return of 3.76%
Kariong, 2250 ranked 184th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kariong is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Kariong,2250 has racked up an average of 3.70% over the period. This ranks it number 292th in the whole country for real estate investors looking at median house price increases.
Kariong2250 is located in NSW which offers an average discount of -6.06% to property investors. Kariong itself is showing figures that indicate -5.07% is the average achievable by property buyers investing in the suburb.
At number 369 in a list of fastest selling suburbs, Kariong is in the TOP 30% of suburbs in Australia with an average of days on market 45.66 for properties listed there.
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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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