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 -8.35%.
While Kogarah,2217 ranked number 598th in NSW for increase in median house value (annualised) increase, it is ranked 345th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Kogarah itself are offering an average vendor discount of -8.35% to real estate investors.
Advertised rents are around the $600 mark per week – giving a return of 2.64% based on the median price in Suburb
Kogarah is in the bottom 20% in NSW when comparing median price capital growth over the last year. Kogarah gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.06%.
If we look at median property appreciation over just the last three months, Kogarah has given property investors a paper return of 0.67%. This puts Suburb as 330 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.70% to buyers in Kogarah at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 16.17 sales per month, which equates to 194 per year.
Kogarah is 301th on a list of best yielding suburbs for rents in NSW with a 4.07% return