Property value increases in Kensington Park have tracked close to the SA average of 2.82% over the last 12 months.
If we look at median property appreciation over just the last three months, Kensington Park has given property investors a paper return of 9.78%. This puts Suburb as 26 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Kensington Park itself are offering an average vendor discount of -7.09% to real estate investors.
A $495 per week rent on the median house gives suburb investors a gross yield of circa 2.86%, without taking into account capital value appreciation, which has been averaging out at 5.75%.
If you compare the increase in value of investment property in Kensington Park, 5068 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 17.43%.
Kensington Park,5068 was ranked 50 in Australia by increase in median property value over the quarter.
At number 143th of SA’s most discounted properties, Kensington Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $307.5 mark per week – giving a return of 3.30% based on the median price in Suburb