Over the last year, property investments in Kingsgrove, 2208 have given investors a capital gain of 4.22%. This compares averagely with the 6.38% for NSW as a whole.
A 71.86% growth in median value for property investors in Kingsgrove,2208 puts this suburb at number 905th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Kingsgrove should be aiming for at least -5.87% off the asking price, which is the average vendor discount being achieved at the moment.
A $610 per week rent on the median house gives suburb investors a gross yield of circa 2.64%, without taking into account capital value appreciation, which has been averaging out at 8.38%.
Property investors who have had real estate in Kingsgrove, 2208 should be relatively 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 10.30%
Kingsgrove,2208 has offered an average of 10.30% return per annum in house price rises to property investors over the last three years.
At number 132th of NSW’s most discounted properties, Kingsgrove is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Situated 6.50km from the CBD, Kingsgrove is one of Canterbury localities in the postcode 2208.