A steady increase in median property prices over a five-year period in the suburb translates to a 13.42% capital gain.
It 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 $1,008,888
The augmented property values in the suburb are trailing above the territorial average of 3.74% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $537.5.
Home owners selling their properties and realtors in KINGSWOOD usually have to wait an average of 72.7 days days before their assets are lifted off the market.
The SA suburb ranks 361st on the list of best yielding suburbs for rental properties in SA, posting a 2.77% return.
It also places places 115th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that KINGSWOOD, 5062 obtained a 1.95% growth over a ten-year period. It ranks 1332nd on our list of suburbs that property investors should look into.
KINGSWOOD, 5062 has a capital gain of -0.73% for the past year, which is lower than average compared to its 14.56% growth within a five-year period.
With the median home price in KINGSWOOD sitting at $375,750, and the average rent at $320, property owners could potentially earn a 4.43% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in KINGSWOOD are low, as opposed to average gains per annum over the past five years.
KINGSWOOD, 5062 in SA belongs to the local government area of Mitcham.