Kingswood is a smaller suburb in South Australia within the Mitcham local government area (postcode 5062). With a population of 2,554, the suburb has a mature demographic with a median age of 49. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Kingswood is $1.5 million, having dropped significantly 9.5% over the past year. The current median weekly rent is $662. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,100.
Kingswood is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Mitcham LGA is moderate at 4,855 incidents per 100,000 population.
From an investment perspective, Kingswood offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved -9.5% year-on-year.
Kingswood is a smaller suburb in South Australia within the Mitcham local government area (postcode 5062). With a population of 2,554, the suburb has a mature demographic with a median age of 49. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Kingswood is $1.5 million, having dropped significantly 9.5% over the past year. The current median weekly rent is $662. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,100.
Kingswood is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Mitcham LGA is moderate at 4,855 incidents per 100,000 population.
From an investment perspective, Kingswood offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved -9.5% year-on-year.