Property value increases in Kariong have tracked close to the NSW average of -0.66% over the last 12 months.
Kariong,2250 has offered an average of 0.07% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kariong, 2250. Typically our figures indicate that -5.16% is being offered, which puts this NSW suburb at 2323th most discounted overall in Australia.
Residents and property investors in Kariong have been waiting around 52.5 days to sell a property.
A $505 per week rent on the median house gives suburb investors a gross yield of circa 3.89%, without taking into account capital value appreciation, which has been averaging out at 7.01%.
NSW has seen average median house prices change by -1.55% which means that Kariong, 2250 has not done well for property investors by showing a capital gain of 1.85% over the last year
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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.