Kogarah is in the TOP 20% in NSW when comparing median price capital growth over the last year. Kogarah gave property investors a very good capital gain figure when compared to the rest of the state, with 23.94%.
Kogarah,2217 has offered an average of 23.94% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
Using the current median advertised rental of $610 and the average annual increase in value of a median property of 11.07%, investors should hope to achieve an overall return of 2.17%
Over the last year, property investments in Kogarah, 2217 have given investors a capital gain of 13.33%. This compares favourably with the 8.39% for NSW as a whole.
If we look at median property appreciation over just the last three months, Kogarah has given property investors a paper return of 2.26%. This puts Suburb as 191 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Kogarah should be aiming for at least -4.25% off the asking price, which is the average vendor discount being achieved at the moment.