Property investors who have had real estate in Kingswood, 5062 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.22%
Kingswood,5062 has offered an average of 12.22% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Kingswood are currently offering property investors an average price cut of -6.74% below the asking price at the moment.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.30%, investors should hope to achieve an overall return of 2.90%
Investment property in Kingswood has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.11%
The five-year average increase in median property values for Kingswood,5062 has given property investors a potential capital gain of 26.04% across each of those five years.
Property investors looking for a bargain in Kingswood should be aiming for at least -4.56% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Kingswood the average time real estate has been on the market is 54.92 days.
Property investors should expect to get $305 weekly from the median priced house in this suburb.