At number 1691th in the list of Australian suburbs ordered by increase in median house value over the last year, Kingswood, 5062 is in the top half with a property value increase of 0.00% recorded in median house prices.
A 12.29% growth in median value for property investors in Kingswood,5062 puts this suburb at number 31th in terms of best performing suburbs in SA
Using the current median advertised rental of $482.5 and the average annual increase in value of a median property of 4.56%, investors should hope to achieve an overall return of 2.64%
Property investors who have had real estate in Kingswood, 5062 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.92%
The five-year average increase in median property values for Kingswood,5062 has given property investors a potential capital gain of 16.56% across each of those five years.
Renters in Suburb are facing rents around $16640 per annum or $320 every week.
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Units inch upward
Median unit price: $388,500
Three-year growth: 0.3%
Rental yield: 4.3%
Roughly a 15-minute drive south of the Adelaide CBD, the suburb of Kingswood is a low-priced suburb that has been recording steady growth for the five years leading up to February 2018.
Units come in at a median price of only $389,000 following a 9.4% rise in values. Investors can reap rental yields at an average of 4.3% given a weekly rent rate of $320. Apartments typically spend less than 60 days on the market.
Kingswood is highly accessible as it is bordered by several roads, namely, Belair Road, Cross Road, Princes Road and Smith Dorrien Street. It also has two schools – Mitcham Primary School and Mitcham Girls High School. Buses to the city depart from Stop 12 at Harrow Terrace.