Property investors who have had real estate in Kensington, 2033 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.44%
Taking the average capital gain, or increase in median house value, Kensington,2033 has racked up an average of 18.44% over the period. This ranks it number 378th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.70% to buyers in Kensington at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $1020 weekly from the median priced house in this suburb.
With a capital gain of 8.30% for the last 12 months, Kensington, 2033 has performed for property investments than its average annual 7.35% property growth over the last 5 years.
The five-year average increase in median property values for Kensington,2033 has given property investors a potential capital gain of 45.04% across each of those five years.
Property buyers and investors in Kensington 2033 should be seeing an average reduction in asking price of around -4.48% . This means that Kensington is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Kensington the average time real estate has been on the market is 48.73 days.
Using the current median advertised rental of $587.5 and the average annual increase in value of a median property of 7.35%, investors should hope to achieve an overall return of 3.76%