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Kingsford: Sydney's Emerging Hot Spot
Mar 28, 2024
Kingsford: Sydney's Emerging Hot Spot Sydney
By   Internet
  • City News
  • Sydney Property
  • Sydney House Prices
  • Rental Returns
Abstract: Kingsford is one of Sydney's hot new areas. Its convenient location, easy access to public transport and steadily rising property prices are attracting investors and home buyers alike. Diversified demand for property and high rental returns have resulted in a highly active market, attracting the attention of a diverse group of people. Kingsford continues to be one of the highlights of the Sydney property market.

With the opening of the new light rail line, Kingsford's accessibility has been greatly enhanced, providing residents with even easier travelling options. The surrounding amenities, including golf clubs and other recreational facilities, provide residents with a rich and varied living experience. Kingsford is also favoured for its unique atmosphere and layout, and is considered to have more character than neighbouring East Lakeland.


Kingsford: Sydney's Emerging Hot Spot

realestate


Although the median house price fell by five per cent to A$2.37 million last year, it is still well above pre-outbreak levels, demonstrating the resilience and potential of Kingsford's property market. According to PropTrack economist Anne Flaherty, house prices have remained largely stable after a significant period of growth in 2021, and the median unit price has even achieved a 5.9 per cent increase to A$900,000. These figures demonstrate Kingsford's attractiveness and potential returns as an investment hotspot.


Kingsford: Sydney's Emerging Hot Spot

realestate


Kingsford's appeal lies not only in its location and accessibility, but also in its diverse range of home buying needs. Traditionally, the area has mainly attracted investors, but in recent years, many first-time buyers and families have begun to look at the amenities Kingsford has to offer. In addition, higher rental returns have also caught the eye of investors, making the flat market increasingly active. The presence of the nearby Prince of Wales Hospital and the University of New South Wales Sydney is fuelling demand for real estate.

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Kingsford: Sydney's Emerging Hot Spot
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