Investment property in South Kingsville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.61%
South Kingsville,3015 has offered an average of 5.61% 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 69th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 9.42%, investors should hope to achieve an overall return of 3.00%
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 16.55%
A 35.26% growth in median value for property investors in South Kingsville,3015 puts this suburb at number 116th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in South Kingsville are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
At number 1011 in a list of fastest selling suburbs, South Kingsville is in the bottom 40% of suburbs in Australia with an average of days on market 91.2 for properties listed there.
Property investors should expect to get $350 weekly from the median priced house in this suburb.