Kariong is a locality of the Central Coast region of New South Wales, Australia west of Gosford along the Central Coast Highway. It is part of the Central Coast Council local government area.
Kariong’s boundaries include a considerable section of the Brisbane Water National Park to the south, and the Mount Penang Parklands, with its native gardens. Kariong is considered the entry point to the Central Coast as it borders the Pacific Motorway M1.
With a statistical and physical advantage above other areas within the Central Coast, there are some very good returns to be made when investing in Kariong. A median house price is at a very affordable $663K, but you need to make moves and execute quickly as you won’t see many of them stay on the market for more than an average of 19 days. Within the first 6 months alone in 2017, a staggering 59 investment properties in the area have sold classified as a 3 bedroom freestanding home.
With Kariong being the first exit off the M1 Motorway outside of Sydney, the numbers really do the talking in regards to how much this area has grown over time and more recently, in the past 12 months.
Median house prices for Kariong in 2011 were sitting at the sweet spot of $395K and have now jumped up in 2017 to $663K – an incredible capital growth benchmark in a short 6.5 years. With a suburb average of 1575 visits per property in Kariong, compared the state’s average of 829 visits per property – it goes without saying that this area has a very high rate of rental tenancy from the moment the contract has been signed. Without a doubt you would be able to have your investment property in Kariong tenanted within days of settlement.
At Luxland, our main focal points zone in on compounded capital growth, ensuring that your property is performing well, returning you solid gains to further develop and add to your property portfolio. Kariong boasts a healthy 11.9% annual growth rate – which again exceeds other neighbouring suburbs within the Central Coast region. Rental yields are also above average sitting at 3.6% with the Sydney average sitting at 3.0%.
Luxland’s CEO Zah Azmi has a good portion of his portfolio based in Kariong to date and it has produced incredible results over the past 8 years for him. All suburbs we recommend to our clients are based on what we would personally purchase ourselves, after doing years of market research and due diligence on many specific areas along the Central Coast and Newcastle regions.
To book your personal appointment with Zah and design your personalised strategy to investing into property, contact our top tier management team today and let Luxland help YOU in growing your future – firstname.lastname@example.org.