KENSINGTON PARK, 5068 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling KENSINGTON PARK, 5068 values up and netting property investors a capital gain of 19.08% for the past year.
Investors saw the median home price rise to $1,087,500.
Profits due to an upward trend in home prices in the suburb averaged 14.68% per annum over a 3-year period.
KENSINGTON PARK now ranks at the 33rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KENSINGTON PARK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $560 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KENSINGTON PARK, homes and units usually stay on listing for an average of 99.8 days.
In 2016, 44 properties were sold in KENSINGTON PARK during the past year, making it the 167th most active market in SA based on total real estate transactions.
KENSINGTON PARK ranks 14th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
KENSINGTON PARK, 5068 has a capital gain of -9.44% for the past year, which is lower than average compared to its 27.68% growth within a five-year period.
With the median home price in KENSINGTON PARK sitting at $417,500, and the average rent at $310, property owners could potentially earn a 3.86% increase in gross rental yield.
Property investors have seen a -1.59% drop in KENSINGTON PARK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that KENSINGTON PARK, 5068 obtained a 2.77% growth over a ten-year period. It ranks 1074th on our list of suburbs that property investors should look into.