Over the last year, property investments in Kingsley, 6026 have given investors a capital gain of -4.82%. This compares averagely with the -2.74% for WA as a whole.
Over the longer term, Kingsley has seen property prices show investors a -9.66% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Kingsley is $533000, with sellers offering an average of -4.21% off the asking price.
In the last year 164 properties changed hands in Kingsley, which puts it as the 21th most active market in WA when comparing the number of sales per suburb.
Kingsley is 233th on a list of best yielding suburbs for rents in WA with a 4.39% return
Property investors who have had real estate in Kingsley, 6026 should be pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.62%
When looking at the potential capital gains offered to property investors over the last 3 years, Kingsley comes in at number 14th in WA.
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Rising supply could push decline
Median house price: $560,000
Stock on market: 25.3%
12-month growth: -5.1%
In the period of January 2017-2018, the suburb of Kingsley recorded an increase in housing supply on the market.
The suburb is just 20km from Perth, making it a convenient spot for those working in the CBD. Values have been falling since 2015, and the increased supply could facilitate further decline. Nonetheless, the heightened affordability could be contributing to how quickly houses are being sold – the average time on market is only 46 days.
Several primary schools make their home in this suburb, including Creaney Primary School, Goollelal Primary and Montessori School. Kingsley also has two major shopping hubs, namely, Kingsley Village and Boulevard Plaza. As the only drive-in theatre in Perth, the Galaxy Drive-In Theatre is also a destination.