Kingsgrove has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.33% to date .
Kingsgrove,2208 has offered an average of 3.33% return per annum in house price rises to property investors over the last three years.
Kingsgrove, 2208 is offering NSW ‘s 450th 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 10.92 sales per month, which equates to 131 per year.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 8.96%, investors should hope to achieve an overall return of 2.52%
NSW has seen average median house prices change by 5.88% which means that Kingsgrove, 2208 has done well for property investors by showing a capital gain of 7.81% over the last year
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Kingsgrove itself are offering an average vendor discount of -7.24% to real estate investors.
The NSW suburb of Kingsgrove, 2208 is in the Canterbury local government area.