SA has seen average median house prices change by 1.79% which means that Kingswood, 5062 has done well for property investors by showing a capital gain of 0.21% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingswood has increased when compared to the 5 year average annual rate.
Often selling an investment property can take time, and in Kingswood the average time real estate has been on the market is 38.5 days.
Kingswood is 375th on a list of best yielding suburbs for rents in SA with a 2.48% return
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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.