NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Property investors enjoyed capital gains of 8.9% 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 high, as opposed to average gains per annum over the past five years.
The suburb posted a 21.74% growth in median prices over a three-year period. This is considerably lower 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 737th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1261st on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.9%||N/A|
|Median 3 years||21.74%||N/A|
|Median 5 years||52.53%||N/A|
|10 years average annual||9.99%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||92.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|