Kogarah has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.58% to date .
If we look at median property appreciation over just the last three months, Kogarah has given property investors a paper return of 10.00%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Kogarah should be aiming for at least -8.35% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Kogarah have been waiting around 118.6 days to sell a property.
With the median price for a house in Kogarah being $1292500 and the advertised rent reaching $612.5 the gross rental yield for property investors calculates out to be 2.46%
NSW has seen average median house prices change by 5.88% which means that Kogarah, 2217 has done well for property investors by showing a capital gain of -2.74% over the last year
Kogarah,2217 was ranked 757 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Kogarah is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 206th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5640 per annum or $470 every week.