Property investors enjoyed capital gains of 14.33% over the last 12 months in KINGSVILLE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in KINGSVILLE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 47.36% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
On average, rents on listings have reached the $495 mark, reflecting a 2.53% increase in returns based on the current median price in KINGSVILLE.
KINGSVILLE, 3012 ranks 285th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 434th on the list of best yielding suburbs for rental properties in VIC, posting a 2.53% return.
Property investors have seen a -1.46% drop in KINGSVILLE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGSVILLE, 3012 saw average decrease in the long term.
KINGSVILLE, 3012 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $338,500.
Profits due to an upward trend in home prices in KINGSVILLE, 3012 averaged 1.93% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in KINGSVILLE, 3012 is 4.92%.
An average of 2.5 real estate transactions take place per month in KINGSVILLE which translates to 30 per annum.
As a homebuyer, it is natural that you...
A tough one, removing a mechanism which...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal