With a capital gain of 5.34% for the last 12 months, Kingsbury, 3083 has performed for property investments than its average annual 7.55% property growth over the last 5 years.
Kingsbury,3083 has offered an average of 5.34% return per annum in house price rises to property investors over the last three years.
Kingsbury, 3083 is offering VIC ‘s 495th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.01%, without taking into account capital value appreciation, which has been averaging out at 7.55%.
Over the last year, property investments in Kingsbury, 3083 have given investors a capital gain of 3.67%. This compares averagely with the 4.79% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Kingsbury comes in at number 299th in VIC.
At number 104th of VIC’s most discounted properties, Kingsbury is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 29 properties changed hands in Kingsbury, which puts it as the 261th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.87%, investors should hope to achieve an overall return of 4.48%