Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Property investors enjoyed capital gains of 10.94% over the last 12 months in KINGSGROVE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.41% growth over a ten-year period. It ranks 780th on our list of suburbs that property investors should look into.
KINGSGROVE, 2208 has a capital gain of 10.94% for the past year, which is higher than average compared to its 7.95% growth within a five-year period.
With the median home price in KINGSGROVE sitting at $1,245,250, and the average rent at $620, property owners could potentially earn a 2.59% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in KINGSGROVE are high, as opposed to average gains per annum over the past five years.
KINGSGROVE, 2208 in NSW belongs to the local government area of Canterbury-Bankstown (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,245,250 | $660,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.65% | -2.22% |
| Median 12 month | 10.94% | -2.22% |
| Median 3 years | -7.76% | -21.89% |
| Median 5 years | 7.95% | 1.54% |
| 10 years average annual | 6.41% | 10.46% |
| Weekly media advert. rent | $620 | $450 |
| Time on Market | 52.1 days | 0.0 days |
| Gross Rental Yield Percent | 2.59% | 3.55% |
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