A 30.68% increase in median property prices in KENSINGTON, 5068 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 8th.
A steady increase in median property prices over a five-year period in the suburb translates to a 45.57% 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 $1,150,000
The augmented property values in the suburb are trailing above the territorial average of 3.28% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $445.
Home owners selling their properties and realtors in KENSINGTON usually have to wait an average of 75.6 days days before their assets are lifted off the market.
The SA suburb ranks 311th on the list of best yielding suburbs for rental properties in SA, posting a 2.01% return.
It also places places 15th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 3.13% over the last 12 months in KENSINGTON, 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 KENSINGTON, 5068 obtained a 2.48% growth over a ten-year period. It ranks 1023rd on our list of suburbs that property investors should look into.
KENSINGTON, 5068 has a capital gain of 3.13% for the past year, which is lower than average compared to its 21.32% growth within a five-year period.
With the median home price in KENSINGTON sitting at $412,500, and the average rent at $340, property owners could potentially earn a 4.29% increase in gross rental yield.
A 3.13% increase in median property prices in KENSINGTON, 5068 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 81st.
Figures from the previous quarter show that capital gains for real estate buyers in KENSINGTON are low, as opposed to average gains per annum over the past five years.
KENSINGTON, 5068 in SA belongs to the local government area of Burnside.