Over the last year, property investments in Kariong, 2250 have given investors a capital gain of -3.21%. This compares averagely with the -2.96% for NSW as a whole.
Comparing Kariong,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Kariong, 2250 is offering NSW ‘s 728th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
With the median price for a house in Kariong being $663500 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 3.96%
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Information supplied by:
August 2018
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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.