Suburb Profile Report for Kingsgrove NSW (2208)

Kingsgrove House: Median price $1,207,000, Annual capital growth 8.64%, Number of sales 133, Weekly median advertised rent $610

Kingsgrove Unit: Median price $720,000, Annual capital growth 7.58%, Number of sales 27, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Kingsgrove, 2208 ranked 1093th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kingsgrove is one of 3163 in our list for NSW

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingsgrove has increased when compared to the 5 year average annual rate.

Kingsgrove, 2208 is offering NSW ‘s 456th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.

On average over the past year, suburb has had 11.08 sales per month, which equates to 133 per year.

Using the current median advertised rental of $610 and the average annual increase in value of a median property of 8.64%, investors should hope to achieve an overall return of 2.63%

Investment property in Kingsgrove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.51%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingsgrove has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -6.91% to buyers in Kingsgrove at the moment, which is less than average for the rest of NSW.

Kingsgrove is 514th on a list of best yielding suburbs for rents in NSW with a 3.25% return

Metrics i HOUSE UNIT
$1,207,000 $720,000
0.58% 0.43%
1.34% 9.51%
8.64% 7.58%
$610 $450
133 27
2.63% 3.25%
94.05 62.05

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Kingsgrove NSW
Demographics
Total population 11515
Median household income ($/weekly) 1257
Median age of persons 40
Median housing loan repayment ($/monthly) 2500
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1338 11.6
    25-34 years 1456 12.6
    35-44 years 1706 14.8
    45-54 years 1476 12.8
    55-64 years 1403 12.2
    Others 4137 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 5054 56.4
    Not Married 3601 40.2
    Defacto Relationship 306 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6449 58.9
    Croatia 839 7.7
    Hong Kong 687 6.3
    Japan 298 2.7
    Other 672 6.1
    Others 2008 18.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 531 4.9
    Christianity 8161 75.2
    Hinduism 73 0.7
    Islam 645 5.9
    No Religion 1391 12.8
    Others 56 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 399 11.4
    $600-$799 321 9.2
    $800-$999 290 8.3
    $1,500-$1,999 438 12.5
    $2,000-$2,499 352 10.0
    Others 1707 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3664 40.8
    Employed, worked full-time 3238 36.1
    Employed, worked part-time 1423 15.9
    Employed, away from work 327 3.6
    Unemployed, looking for work 318 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 551 11.0
    Professionals 1068 21.4
    Technicians & trades workers 722 14.5
    Clerical & administrative workers 951 19.1
    Sales 479 9.6
    Others 1218 24.4
    Occupation
    Census Count Percent(%)
    Pre-school 194 7.9
    Infants/Primary 808 32.8
    Secondary 738 30.0
    Technical or Further Educational Institution 201 8.2
    University or other Tertiary Institutions 448 18.2
    Others 72 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10034 90.3
    Semi-detached, row or terrace house, townhouse 533 4.8
    Flat, unit or apartment 458 4.1
    House or flat attached to a shop, office 82 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1788 46.8
    Being purchased 1095 28.6
    Rented 921 24.1
    Other tenure type 20 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals