Mortgage Choice Kariong

Local Kariong Mortgage Broker - Philip Cooper & Michael Daniels

Book an Appointment with Philip Cooper or Michael Daniels

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UPDATE | Kariong House Owners should be Optimistic | 26/06/2025

 

Kariong's residential housing market comprises a total of 2,255 dwellings, of which 2,066 are fully detached houses, making it one of the lowest-density suburbs on the Central Coast. This partially explains the very low turnover rate. Only 82 Kariong houses sold in the year ending 31/03/25, meaning houses sell, on average, every 25.19 years. This is a family formation suburb with backyards and high employment levels (many commute to Sydney & Newcastle).

Bank risk analysts will always prefer areas with consistently low unemployment rates, such as Kariong, as this economic factor plays an integral role in stabilising property values, particularly in tough times.

As you can see from the chart below, Kariong was not immune to the effects of the COVID-19 interest rate stimulus package. Prices skyrocketed by 15%, 26% & 11.60% over three consecutive years. Over the following three years, like much of the Central Coast, prices have stabilised, especially when considering the high levels of inflation.

We at Mortgage Choice Central Coast believe that Kariong's homeowners should be optimistic. The fundamentals work in their favour. This market's supply is captured by land zoning. As the nearby Summersby industrial park expands, the local residential land supply remains fixed. Demand from Sydney (assisted by the NorthConnex tunnel) and Newcastle, both of which are experiencing massive population growth, will inevitably drive Kariong's relatively affordable house prices up.

Please call us at Mortgage Choice Central Coast to discuss your property plans.

 

UPDATE | Berowra vs Kariong: A Financial Comparison | 24/05/2025

 

The median house price in Berowra is $1,630,000, while Kariong’s median is $970,000—a $660,000 difference. Borrowing $660,000 over a 30-year loan at a 6% interest rate results in weekly repayments of approximately $912.34, or $47,441 annually. Contact me for a tailored calculation!

Kariong is 34.1 km from Berowra, a 22-minute drive at midday (based on 07/04/25 traffic). For a car with 10 km/litre efficiency, a round trip uses about 6.9 litres of fuel. At $2/litre, that’s $13.64 daily or $3,274 yearly for a five-day commute (fuel only).

Interested in Kariong or other #CentralCoast properties? Call me at 0414 255 530 to discuss your financing options.

Disclaimer: Estimates based on general assumptions. Interest rates and fuel prices may vary.

 

UPDATE | Rental Market Trends in Kariong | 21/08/2024

 

The Central Coast rental vacancy rate is currently around 1%, based on 37,500 rental properties. A low vacancy rate suggests strong demand, likely driving rent increases. This trend is pushing renters to buy and investors to seek cash-flow-positive properties.

Contact Michael Daniels, your local Kariong mortgage broker, at 0414 255 530 to explore your property investment options.

 

Real Estate Agents Servicing Kariong

Find trusted real estate agents to assist with your Kariong property journey:

• Ray White - Local agents with expertise in the Kariong market.
• McGrath Estate Agents - Premium real estate services for Kariong buyers and sellers.

Information source for Investment loans.

Information source for Refinance Advice.

Information source for First Home Buyer Advice.