Kingsgrove is in the bottom 40% in NSW when comparing median price capital growth over the last year. Kingsgrove gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.35%.
Taking the average capital gain, or increase in median house value, Kingsgrove,2208 has racked up an average of 4.35% over the period. This ranks it number 340th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Kingsgrove is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 562th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Kingsgrove the average time real estate has been on the market is 93.19 days.
Using the current median advertised rental of $620 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 2.69%
Property buyers and investors in Kingsgrove 2208 should be seeing an average reduction in asking price of around -5.38% . This means that Kingsgrove is holding prices well when compared to other suburbs in NSW.
Kingsgrove, 2208’s gross rental yield is 3.62%