Property investors who have had real estate in Kogarah, 2217 should be 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 23.46%
If we look at median property appreciation over just the last three months, Kogarah has given property investors a paper return of -0.40%. This puts Suburb as 957 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Kogarah are currently offering property investors an average price cut of -8.76% below the asking price at the moment.
Kogarah has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.64% to date .
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.
The most recent median price for Kogarah is $600000, with sellers offering an average of -5.03% off the asking price.
At number 252 in a list of fastest selling suburbs, Kogarah is in the TOP 20% of suburbs in Australia with an average of days on market 47.75 for properties listed there.
Property investors should expect to get $460 weekly from the median priced house in this suburb.