South Kingsville has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.23% to date .
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 South Kingsville, 3015. Typically our figures indicate that -4.64% is being offered, which puts this VIC suburb at 2670th most discounted overall in Australia.
At number 1378 in a list of fastest selling suburbs, South Kingsville is in the TOP 40% of suburbs in Australia with an average of days on market 61.5 for properties listed there.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.33%, without taking into account capital value appreciation, which has been averaging out at 7.22%.
Investment property in South Kingsville has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.82%
While South Kingsville,3015 ranked number 377th in VIC for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.
Vendor discounting in South Kingsville is giving property investors an average Vendor Discount of around -6.79%. This puts suburb at number 38th in VIC when ranking the most discounted suburbs.
Residents and property investors in South Kingsville have been waiting around 56.63 days to sell a property.
South Kingsville, 3015’s gross rental yield is 3.77%