Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $685,000, Annual capital growth 7.17%, Number of sales 96, Weekly median advertised rent $520

Kariong Unit: Median price $512,750, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $420

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report
Unit Report
Expert Report

Kariong has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.38% to date .

Comparing Kariong,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Kariong is offering property investors an average of -5.57. This rate of discount on properties puts Suburb at number 995th in terms of most discounted suburbs in NSW

Situated 48.28km from the CBD, Kariong is one of Gosford localities in the postcode 2250.

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

Advertised rents are around the $420 mark per week – giving a return of 4.26% based on the median price in Suburb

Information supplied by:

YIP MAG
June 2016

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Investors considering Kariong on the NSW Central Coast should probably act sooner rather than later.Full summary Investors considering Kariong on the NSW Central Coast should probably act sooner rather than later.

Firstly, they’re likely to miss out on whatever affordability is left in the area, with the median house price already closing in on $590,000 after growing 52% in the last five years.

On a more immediate note, those who drag their feet are likely to find the property they’re interested in has already sold, with houses in Kariong only spending an average of 24 days on the market.

There are some obvious reasons why houses in Kariong have become so sought after.

The suburb is just a short drive from the centre of Gosford, which provides healthcare, public transport and shopping facilities, while there are a number of schools in and around Kariong.

The suburb also offers some tranquillity as it sits on the northern fringe of the Brisbane Water National Park.Close

Metrics	HOUSE	UNIT
Median price	$685,000	$512,750
Quarterly growth	0.74%	2.44%
12-month growth	5.38%	N/A
Average Annual Growth	7.17%	N/A
Weekly median advertised rent	$520	$420
Number of sales	96	11
Gross rental yield	3.95%	4.26%
Days on market	28.74	N/A

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