At number 602th in the list of Australian suburbs ordered by increase in median house value over the last year, Kogarah, 2217 is in the top 20% with a property value increase of 16.71% recorded in median house prices.
While Kogarah,2217 ranked number 444th in NSW for increase in median house value (annualised) increase, it is ranked 137th over the last 5 years.
Our latest figures would indicate that property sellers in Kogarah are currently offering property investors an average price cut of -4.42% below the asking price at the moment.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Kogarah is 1057th on a list of best yielding suburbs for rents in NSW with a 2.34% return
If you compare the increase in value of investment property in Kogarah, 2217 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.91%.
Across a shorter period, Kogarah, 2217 has seen a median price increase of 4.25% over the last quarter.
The most recent median price for Kogarah is $650000, with sellers offering an average of -4.51% off the asking price.
Renters in Suburb are facing rents around $5640 per annum or $470 every week.