Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $685,000, Annual capital growth 7.26%, Number of sales 97, Weekly median advertised rent $520

Kariong Unit: Median price $518,750, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $423

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Kariong, 2250 ranked 789th 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

When looking at the potential capital gains offered to property investors over the last 3 years, Kariong comes in at number 733th in NSW.

The most recent median price for Kariong is $685000, with sellers offering an average of -4.38% off the asking price.

Often selling an investment property can take time, and in Kariong the average time real estate has been on the market is 36.93 days.

With the median price for a house in Kariong being $685000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.95%

Vendor discounting in Kariong is giving property investors an average Vendor Discount of around -5.14%. This puts suburb at number 230th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Kariong the average time real estate has been on the market is 42 days.

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
$685,000 $518,750
-0.43% 1.12%
1.84% N/A
7.26% N/A
$520 $423
97 14
3.95% 4.24%
36.93 42

Source: CoreLogic

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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Recent sales & rentals