Property investors who have had real estate in Kariong, 2250 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.30%
Over the longer term, Kariong has seen property prices show investors a 2.87% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Kariong 2250 should be seeing an average reduction in asking price of around -2.95% . This means that Kariong is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $480 weekly from the median priced house in this suburb.
Information supplied by:
Occupancies almost non-existent
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.