Kingsgate is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 5, the suburb has a young demographic with a median age of 23. Households earn a median income of $32K per year, with an average household size of 1.3 people. The most common occupations are labourers, community & personal service. The top ancestries reported are English, Australian.
The median house price in Kingsgate is $2.9 million, having surged 383.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 0.7%.
The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Kingsgate offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 91.1x is considered stretched. House prices have moved +383.3% year-on-year.
Kingsgate is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 5, the suburb has a young demographic with a median age of 23. Households earn a median income of $32K per year, with an average household size of 1.3 people. The most common occupations are labourers, community & personal service. The top ancestries reported are English, Australian.
The median house price in Kingsgate is $2.9 million, having surged 383.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 0.7%.
The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Kingsgate offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 91.1x is considered stretched. House prices have moved +383.3% year-on-year.