Do you think Kingsgrove is a good area to invest in? Is there growth with the development of units in the area ?
We believe that Kingsgrove could experience some gains over the next two years. We have nothing under development in that area, but have developed (and are currently developing) a number of projects nearer to the city.
However, areas such as Wooli Creek and Arncliffe that are nearer to the city have experienced major growth in recent years. As a result Kingsgrove would benefit from what is known as the 'outer ring' or 'ripple' effect.
These areas are also seeing infrastructure upgrades which is a major plus for buyers.
I wish you all the best with your investment.
Director - Acquisitions
Kingsgrove has already experienced quite significant growth, in the past 12 months alone it had experienced abit over 10% with the current median house price at over $1.22M and it seems like it is not slowing down anytime soon.
If you are looking at a specific property let me know if you would like property report, I can provide them at no cost and help you determine how much you can afford to invest.