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 $1,045,000.
The upward trend in home prices in KARIONG, 2250 averaged 4.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 3.48% increase in returns based on the current median price in KARIONG.
An average of 6.33 real estate transactions take place per month in KARIONG which translates to 76 per annum.
76 properties were sold in KARIONG in 2016, making it the 138th most active market in NSW based on total real estate transactions.
KARIONG, 2250 places 1016th in Australia based on median property value growth during the quarter.
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 $762,500.
Average median unit prices in NSW have risen as a whole, pulling KARIONG, 2250 values up and netting property investors a capital gain of 8.34% for the past year.
Investors saw the median home price rise to $762,500.
The upward trend in home prices in KARIONG, 2250 averaged 0% per annum over a 3-year period.
KARIONG now ranks at the 463rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KARIONG are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $605 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In KARIONG, homes and units usually stay on listing for an average of N/A.
12 properties were sold in KARIONG in 2016, making it the 591st most active market in NSW based on total real estate transactions.