Where Hobart house prices are heading, according to ANZ
In the ANZ’s latest report, Australian housing: a strong 2021, the bank’s economists forecast a buoyant year ahead for the Hobart housin...
Property investors enjoyed capital gains of 17.2% 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 24.28% 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 161st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1259th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $606,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.45% | N/A |
| Median 12 month | 17.2% | N/A |
| Median 3 years | 24.28% | N/A |
| Median 5 years | 78.65% | N/A |
| 10 years average annual | 10.46% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 46.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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