With a capital gain of -1.96% for the last 12 months, Kariong, 2250 has performed for property investments than its average annual 3.80% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Kariong comes in at number 1482th in NSW.
Kariong2250 is located in NSW which offers an average discount of -2.11% to property investors. Kariong itself is showing figures that indicate -4.10% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $360 mark per week – giving a return of 4.16% based on the median price in Suburb
Information supplied by:
Occupancies almost non-existent
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.