Property value increases in South Kingsville have tracked just higher than the VIC average of 9.78% over the last 12 months.
Across a shorter period, South Kingsville, 3015 has seen a median price increase of -2.50% over the last quarter.
Property buyers and investors in South Kingsville 3015 should be seeing an average reduction in asking price of around -7.83% . This means that South Kingsville is holding prices well when compared to other suburbs in VIC.
In the last year 33 properties changed hands in South Kingsville, which puts it as the 511th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in South Kingsville being $877500 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 2.81%
If you compare the increase in value of investment property in South Kingsville, 3015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.98%.
A 27.01% growth in median value for property investors in South Kingsville,3015 puts this suburb at number 24th in terms of best performing suburbs in VIC
A $342.5 per week rent on the median house gives suburb investors a gross yield of circa 3.22%, without taking into account capital value appreciation, which has been averaging out at 9.22%.