At number 2844th in the list of Australian suburbs ordered by increase in median house value over the last year, Kinross, 6028 is in the BOTTOM 40% with a property value increase of -6.19% recorded in median house prices.
Comparing Kinross,6028 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Kinross are currently offering property investors an average price cut of -5.60% below the asking price at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 0.13%.
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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.