Suburb Profile Report for Kingsgrove NSW (2208)

Kingsgrove House: Median price $1,203,000, Annual capital growth 8.38%, Number of sales 133, Weekly median advertised rent $610

Kingsgrove Unit: Median price $716,951, Annual capital growth 8.07%, Number of sales 25, Weekly median advertised rent $450

  • 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 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.

HOUSE UNIT
$1,203,000 $716,951
0.25% 3.16%
4.22% 10.30%
8.38% 8.07%
$610 $450
133 25
2.64% 3.26%
93.82 53.42

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