VIC has seen average median house prices change by 10.83% which means that South Kingsville, 3015 has done well for property investors by showing a capital gain of 14.64% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Kingsville has increased when compared to the 5 year average annual rate.
South Kingsville3015 is located in VIC which offers an average discount of -5.41% to property investors. South Kingsville itself is showing figures that indicate -1.18% is the average achievable by property buyers investing in the suburb.
Residents and property investors in South Kingsville have been waiting around 94.5 days to sell a property.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 8.90%, investors should hope to achieve an overall return of 2.76%
South Kingsville is in the TOP 10% in VIC when comparing median price capital growth over the last year. South Kingsville gave property investors a very good capital gain figure when compared to the rest of the state, with 18.97%.
Across a shorter period, South Kingsville, 3015 has seen a median price increase of 4.53% over the last quarter.
Situated 8.10km from the CBD, South Kingsville is one of Hobsons Bay localities in the postcode 3015.