Property investors enjoyed capital gains of 21.2% over the last 12 months in KENT TOWN, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that KENT TOWN, 5067 obtained a 7.81% growth over a ten-year period. It ranks 204th on our list of suburbs that property investors should look into.
KENT TOWN, 5067 has a capital gain of 21.2% for the past year, which is higher than average compared to its 21.08% growth within a five-year period.
With the median home price in KENT TOWN sitting at $617,500, and the average rent at $330, property owners could potentially earn a 2.78% increase in gross rental yield.
A 21.2% increase in median property prices in KENT TOWN, 5067 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 23rd.
Figures from the previous quarter show that capital gains for real estate buyers in KENT TOWN are high, as opposed to average gains per annum over the past five years.
KENT TOWN, 5067 in SA belongs to the local government area of Norwood Payneham St Peters.