Kings Park, 2148 ranked 915th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kings Park is one of 3163 in our list for NSW
While Kings Park,2148 ranked number 766th in NSW for increase in median house value (annualised) increase, it is ranked 810th over the last 5 years.
Property investors looking for a bargain in Kings Park should be aiming for at least -6.62% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Kings Park being $705000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.47%
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Kings Park is one of the smaller suburbs within the Blacktown area, and is one of Western Sydney’s best served suburbs for transport. Nearby suburb Kings Langley is much larger, but with an average asking price of about $120,000 more.
“Kings Park feeds largely off of the popularity of Kings Langley, quite an affluent suburb that’s hard to get into. When buyers can’t get in there, they often choose Kings Park, which offers a similar deal, but at a much more affordable price,” says Brett Watkins, a senior sales consultant at Century 21-Quakers Hill.
Best street(s): Any of the streets off of where Harvey Road meets the Marayong Station.