With a capital gain of -5.86% for the last 12 months, Kinross, 6028 has performed for property investments than its average annual 0.28% property growth over the last 5 years.
While Kinross,6028 ranked number 206th in WA for increase in median house value (annualised) increase, it is ranked 263th over the last 5 years.
Vendor discounting in Kinross is giving property investors an average Vendor Discount of around -6.36%. This puts suburb at number 300th in WA when ranking the most discounted suburbs.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 0.28%.
Over the last year, property investments in Kinross, 6028 have given investors a capital gain of 2.58%. This compares favourably with the 0.55% for WA as a whole. The main selling points are great location still close to the ocean, all local amenities and great school reputations.Full summary
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Selling points: The main selling points are great location still close to the ocean, all local amenities and great school reputations.
Most sort after properties: The properties in most demand would most certainly be 4 bed, 2 bath with double garage.
Most common properties: Characteristically the majority of the house are 4x2, double garage, some with below ground pool, most have air conditioning.
Top amenities: The best amenities would be the school's reputations, shopping, local cafes, supermarket, close to all public transport.
Local industry and businesses: The major employers in the suburb would be IGA, Chicken Treat, local cafe Andersons.
Recent changes: The council improvements include revamping of local parkland, beautifying streetscapes.
Best streets: In my personal opinion many of the streets in the suburb are great and would suit any Buyer, Kinross is split into two sections. And normally there is a liking towards West Side of Connolly Drive and or East, both have wonderful features
Public transport: The local public transport is brilliant including the local train station.
Main arteries: Connolly Drive, Marmion Avenue and Burns Beach Rd all lead to both Beaches, Freeway access etc.