Over the last year, property investments in South Kingsville, 3015 have given investors a capital gain of 5.10%. This compares badly with the 8.13% for VIC as a whole.
South Kingsville,3015 has offered an average of 5.10% return per annum in house price rises to property investors over the last three years.
Vendor discounting in South Kingsville is giving property investors an average Vendor Discount of around -9.35%. This puts suburb at number 55th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 9.28%, investors should hope to achieve an overall return of 2.83%
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 22.18%.
While South Kingsville,3015 ranked number 22th in VIC for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.
Property investors looking for a bargain in South Kingsville should be aiming for at least -8.55% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $350 mark per week – giving a return of 3.49% based on the median price in Suburb