Kingsgrove (postcode 2208) is an established suburb in New South Wales within the Canterbury-Bankstown local government area. It is home to about 12,881 residents, with an established family demographic and a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Greek, Chinese, Australian.
The median house price in Kingsgrove is $1.7 million, having fallen by 6% over the past year. Units have a median price of $700,000 (-3.6% YoY). The current median weekly rent is $835. This gives a gross rental yield of approximately 2.5%. 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 2,382 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 17.4x is considered stretched. House prices have moved -6.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.