Suburb Profile Report for Kingsgrove NSW (2208)

Kingsgrove House: Median price $1,350,000, Annual capital growth 9.87%, Number of sales 145, Weekly median advertised rent $625

Kingsgrove Unit: Median price $770,000, Annual capital growth 10.19%, Number of sales 30, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Kingsgrove, 2208 have given investors a capital gain of 12.50%. This compares averagely with the 11.53% for NSW as a whole.

The five-year average increase in median property values for Kingsgrove,2208 has given property investors a potential capital gain of 84.80% across each of those five years.

At number 406th of NSW’s most discounted properties, Kingsgrove is in the bottom 40% of the state/territory when listing in order of most discounted to least.

A $625 per week rent on the median house gives suburb investors a gross yield of circa 2.41%, without taking into account capital value appreciation, which has been averaging out at 9.87%.

NSW has seen average median house prices change by 8.31% which means that Kingsgrove, 2208 has done well for property investors by showing a capital gain of 9.31% over the last year

While Kingsgrove,2208 ranked number 119th in NSW for increase in median house value (annualised) increase, it is ranked 376th over the last 5 years.

The most recent median price for Kingsgrove is $770000, with sellers offering an average of -11.88% off the asking price.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

Metrics i HOUSE UNIT
$1,350,000 $770,000
4.33% 4.41%
12.50% 9.31%
9.87% 10.19%
$625 $490
145 30
2.41% 3.31%
56.02 54.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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