AREA REPORTS

Kariong

Suburb Profile

Kariong - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2250

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KARIONG, 2250 ranks 2425th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 2.08% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $685,500.

The upward trend in home prices in KARIONG, 2250 averaged 8.36% per annum over a 3-year period.

Average weekly rents on listings have reached the $520 mark, reflecting a 3.94% increase in returns based on the current median price in KARIONG.

An average of 8.25 real estate transactions take place per month in KARIONG which translates to 99 per annum.

99 properties were sold in KARIONG in 2016, making it the 3rd most active market in NSW based on total real estate transactions.

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

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $685,500 $517,500
GROWTH REPORT
Median Quarterly 0% 0.88%
Median 12 month 2.08% N/A
Median 3 years 25.09% N/A
Median 5 years 75.77% N/A
10 years average annual 7.17% N/A
Weekly media advert. rent $520 $420
Time on Market 35.8 days 0.0 days
Gross Rental Yield Percent 3.94% 4.22%
demographics (median values)
Total Population
6112
Weekly Household Income
1186
Household Size
3.10
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