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 20.28%
Over the longer term, South Kingsville has seen property prices show investors a 41.67% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in South Kingsville is giving property investors an average Vendor Discount of around -9.35%. This puts suburb at number 67th in VIC when ranking the most discounted suburbs.
With the median price for a house in South Kingsville being $892500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 2.74%
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 23.17%
South Kingsville,3015 was ranked 1594 in Australia by increase in median property value over the quarter.
Advertised rents are around the $345 mark per week – giving a return of 3.38% based on the median price in Suburb