Property investors who have had real estate in South Kingsville, 3015 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.23%
Across a shorter period, South Kingsville, 3015 has seen a median price increase of 9.78% over the last quarter.
The most recent median price for South Kingsville is $847500, with sellers offering an average of -9.35% off the asking price.
South Kingsville, 3015’s gross rental yield is 2.61%
Investment property in South Kingsville 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 18.27%
While South Kingsville,3015 ranked number 49th in VIC for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 8.47%, investors should hope to achieve an overall return of 3.34%