Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $677,500, Annual capital growth 7.06%, Number of sales 124, Weekly median advertised rent $500

Kariong Unit: Median price $527,500, Annual capital growth 0.81%, Number of sales 12, Weekly median advertised rent $410

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

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

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.

Close
Metrics i HOUSE UNIT
$677,500 $527,500
-0.07% 0.48%
0.13% 2.93%
7.06% 0.81%
$500 $410
124 12
3.84% 4.04%
45.727272 N/A

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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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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