Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a 0% gain in KINGS PARK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGS PARK, 2148 saw average growth in the long term.
The NSW 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 $705,000
Profits averaged -0.23% per annum over a 3-year period, due to an downward trend in home prices in KINGS PARK, 2148.
This means, real estate investors could earn a rental income of $465 based on current median home prices for the suburb.
The gross rental yield in KINGS PARK, 2148 is 3.43%.
An average of 4.25 real estate transactions take place per month in KINGS PARK which translates to 51 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $705,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -6% | N/A |
| Median 3 years | -0.7% | N/A |
| Median 5 years | 20.31% | N/A |
| 10 years average annual | 6.19% | N/A |
| Weekly media advert. rent | $465 | N/A |
| Time on Market | 65.2 days | N/A |
| Gross Rental Yield Percent | 3.43% | N/A |
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