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Property investors enjoyed capital gains of 12.7% over the last 12 months in KINGS POINT, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in KINGS POINT are low, as opposed to average gains per annum over the past five years.
The suburb posted a 62% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in KINGS POINT.
KINGS POINT, 2539 ranks 261st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1249th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.92% | N/A |
| Median 12 month | 12.7% | N/A |
| Median 3 years | 62% | N/A |
| Median 5 years | 73.23% | N/A |
| 10 years average annual | 13.26% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 104.9 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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