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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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Kings ParkKings Park - SUBURB PROFILE REPORT
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Property investors have seen a 6.3% gain in KINGS PARK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KINGS PARK, 2148 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 31.22%.
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 $991,750
Profits averaged 10.95% per annum over a 3-year period, due to an upward trend in home prices in KINGS PARK, 2148.
This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in KINGS PARK, 2148 is 2.52%.
An average of 6 real estate transactions take place per month in KINGS PARK which translates to 72 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $991,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.3% | N/A |
| Median 12 month | 31.22% | N/A |
| Median 3 years | 32.85% | N/A |
| Median 5 years | 39.29% | N/A |
| 10 years average annual | 9.23% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 18.9 days | N/A |
| Gross Rental Yield Percent | 2.52% | N/A |
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