Kingsgrove is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2208). With a population of 12,881, the suburb has an established demographic with a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Greek, Chinese, Australian.
The median house price in Kingsgrove is $1.8 million, having declined 5.4% over the past year. Units have a median price of $710,000 (-10.7% YoY). The current median weekly rent is $795. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,600.
Kingsgrove is served by 6 schools, including 3 primary, 3 secondary. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 72 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Kingsgrove offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.8x is considered stretched. House prices have moved -5.4% year-on-year.
Kingsgrove is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2208). With a population of 12,881, the suburb has an established demographic with a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Greek, Chinese, Australian.
The median house price in Kingsgrove is $1.8 million, having declined 5.4% over the past year. Units have a median price of $710,000 (-10.7% YoY). The current median weekly rent is $795. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,600.
Kingsgrove is served by 6 schools, including 3 primary, 3 secondary. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 72 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Kingsgrove offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.8x is considered stretched. House prices have moved -5.4% year-on-year.