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Kariong
AREA REPORTS

Kariong

Kariong - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2250

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KARIONG, 2250 ranks 2433rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.46% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $720,000.

The upward trend in home prices in KARIONG, 2250 averaged 2.25% per annum over a 3-year period.

Average weekly rents on listings have reached the $540 mark, reflecting a 3.9% increase in returns based on the current median price in KARIONG.

An average of 6.92 real estate transactions take place per month in KARIONG which translates to 83 per annum.

83 properties were sold in KARIONG in 2016, making it the 94th most active market in NSW based on total real estate transactions.

KARIONG, 2250 places 727th in Australia based on median property value growth during the quarter.

Data report can be found below

Kariong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $720,000 $506,250
GROWTH REPORT
Median Quarterly 2.93% -1.56%
Median 12 month 7.46% N/A
Median 3 years 6.74% N/A
Median 5 years 20.23% 23.48%
10 years average annual 6.7% N/A
Weekly media advert. rent $540 $430
Time on Market 24.7 days 0.0 days
Gross Rental Yield Percent 3.9% 4.42%
demographics (median values)*
Total Population
67194
Weekly Household Income
1366
Household Size
2.50
Age
41
Monthly Loan Repayment
1767
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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