Property investors who have had real estate in Kogarah, 2217 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -17.47%
Kogarah,2217 was ranked 2327 in Australia by increase in median property value over the quarter.
Kogarah2217 is located in NSW which offers an average discount of -7.38% to property investors. Kogarah itself is showing figures that indicate -7.69% is the average achievable by property buyers investing in the suburb.
In the last year 40 properties changed hands in Kogarah, which puts it as the 642th most active market in NSW when comparing the number of sales per suburb.
Situated 13.02km from the CBD, Kogarah is one of Rockdale (C) localities in the postcode 2217.
With a capital gain of -9.33% for the last 12 months, Kogarah, 2217 has performed for property investments than its average annual 5.68% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kogarah has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kogarah, 2217. Typically our figures indicate that -7.92% is being offered, which puts this NSW suburb at 251th most discounted overall in Australia.
Often selling an investment property can take time, and in Kogarah the average time real estate has been on the market is 66.934 days.
Property investors should expect to get $490 weekly from the median priced house in this suburb.