If you compare the increase in value of investment property in Kogarah, 2217 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -9.13%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kogarah has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Kogarah should be aiming for at least -7.42% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 50 properties changed hands in Kogarah, which puts it as the 649th most active market in NSW when comparing the number of sales per suburb.
Kogarah, 2217’s gross rental yield is 2.67%
Giving property investors a a poor capital gain of -5.38% for the last year, Kogarah, 2217 is the 1424th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Kogarah has given property investors a paper return of 0.84%. This puts Suburb as 326 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Kogarah is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 186th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5640 per annum or $470 every week.