Kingswood has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 7.95% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingswood has increased when compared to the 5 year average annual rate.
At number 29th of SA’s most discounted properties, Kingswood is in the bottom 10% of the state/territory when listing in order of most discounted to least.
At number 3378 in a list of fastest selling suburbs, Kingswood is in the bottom 20% of suburbs in Australia with an average of days on market 131.3 for properties listed there.
With the median price for a house in Kingswood being $950000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.63%
Over the last year, property investments in Kingswood, 5062 have given investors a capital gain of 9.82%. This compares favourably with the 3.64% for SA as a whole.
Across a shorter period, Kingswood, 5062 has seen a median price increase of 4.96% over the last quarter.
Sellers are offering property buyers an average discount of -6.96% to buyers in Kingswood at the moment, which is less than average for the rest of SA.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.