Giving property investors a an average capital gain of 7.28% for the last year, Kariong, 2250 is the 1673th highest performer in Australia in this respect.
The five-year average increase in median property values for Kariong,2250 has given property investors a potential capital gain of 19.60% across each of those five years.
Kariong2250 is located in NSW which offers an average discount of -4.30% to property investors. Kariong itself is showing figures that indicate -3.10% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Kariong being $687675 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.63%
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.