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.
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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.
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