Kariong is a moderately sized suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2250). It is home to about 6,485 residents, with a mix of families and early-career residents and a median age of 36. Households earn a median income of $114K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Kariong is $1.1 million, having surged by 10.4% over the past year. Units have a median price of $750,000 (+7.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,080.
Kariong is served by 5 schools, including 1 primary, 1 secondary, 1 combined, 2 special. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 rail station, 31 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
From an investment perspective, Kariong shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +10.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.