At number 2500th in the list of Australian suburbs ordered by increase in median house value over the last year, Kariong, 2250 is in the BOTTOM 50% with a property value increase of 0.71% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Kariong comes in at number 807th in NSW.
At number 980th of NSW’s most discounted properties, Kariong is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Kariong have been waiting around 42.23 days to sell a property.
Kariong has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.83% to date .
The NSW suburb of Kariong, 2250 is in the Gosford local government area.
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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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