Suburb Profile Report for Kariong NSW (2250)

Kariong House: Median price $681,500, Annual capital growth 7.29%, Number of sales 128, Weekly median advertised rent $480

Kariong Unit: Median price $525,000, Annual capital growth 7.33%, Number of sales 13, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Giving property investors a an average capital gain of 1.41% for the last year, Kariong, 2250 is the 2428th highest performer in Australia in this respect.

While Kariong,2250 ranked number 857th in NSW for increase in median house value (annualised) increase, it is ranked 425th over the last 5 years.

Our latest figures would indicate that property sellers in Kariong are currently offering property investors an average price cut of -4.83% below the asking price at the moment.

Over the last year, property investments in Kariong, 2250 have given investors a capital gain of 4.94%. This compares favourably with the 1.12% for NSW as a whole.

Over the longer term, Kariong has seen property prices show investors a 28.91% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.07% to buyers in Kariong at the moment, which is less than average for the rest of NSW.

The NSW suburb of Kariong, 2250 is in the Central Coast (C) (NSW) local government area.

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
$681,500 $525,000
-0.58% 1.45%
1.41% 4.94%
7.29% 7.33%
$480 $420
128 13
3.66% 4.16%
50.64 45.66

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Good (H), Good (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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