Is buying a property in Kingsford a good investment?

Last updated on December 20, 2023

Yes, the analysis of Sydney's property market is included in our pack

If you've admired the diverse culture and local community of Kingsford, you might have considered establishing a residence in this vibrant part of Sydney, immersing yourself in its multicultural atmosphere and lively spirit.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Australia, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Kingsford?

Kingsford, a suburb in Sydney, has gradually emerged as an attractive location for property buyers, offering a unique blend of characteristics that distinguish it from other real estate markets in Sydney.

One of the key attributes that make Kingsford appealing is its prime location. Situated close to the University of New South Wales (UNSW), it naturally becomes a hub for students and academics.

This proximity to a major educational institution not only ensures a consistent demand for rental properties but also drives a vibrant, youthful energy in the area.

Additionally, Kingsford is relatively close to Sydney's CBD and beaches, offering the perfect balance between urban living and beachside relaxation. This blend of accessibility and lifestyle is something not all Sydney suburbs can boast.

Kingsford's rise in popularity can be traced back to the recent infrastructure developments, especially the light rail system which improved connectivity significantly. This improvement in transport links made Kingsford more accessible, enhancing its appeal to a broader range of property buyers and investors.

The suburb started gaining more attention in the real estate market in the early 2000s, and its popularity has been steadily growing since then.

Regarding the future, the hype around Kingsford is likely to remain. The ongoing demand for housing near major educational institutions and the continuous improvement in infrastructure support this claim.

Moreover, the suburb's growth is underpinned by solid fundamentals like its location and lifestyle offerings, which are sustainable attractions for property buyers.

Kingsford tends to attract a diverse group of people. It's particularly popular among students and university staff due to its proximity to UNSW.

However, it's also appealing to young professionals and families who appreciate the suburb's accessibility to the city and beaches, as well as the growing cafe and restaurant culture. The local community is dynamic and diverse, reflecting the suburb's growing appeal to a broad demographic.

However, like any area, Kingsford has its weaknesses. The influx of students can mean that certain parts of the suburb are bustling and noisy, which might not appeal to everyone.

Additionally, the rising popularity of the area has led to an increase in property prices and living costs, potentially making it less accessible to some buyers.

The suburb's growth has also brought challenges like increased traffic and pressure on local amenities, which are aspects to consider for those looking to settle in Kingsford.

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Why is Kingsford a nice place to live?

Kingsford is known for offering a pleasant living experience, shaped by its unique lifestyle and culture.

This suburb boasts a vibrant, multicultural atmosphere, largely influenced by its proximity to the University of New South Wales (UNSW). This brings a youthful and diverse vibe to the area, with an array of cafes, restaurants, and shops catering to a wide range of tastes and cultures.

The expat community in Kingsford is quite significant, again, thanks in part to the university. It attracts international students and academics, creating a melting pot of cultures.

This diversity enriches the local community, bringing in various cultural festivals, international cuisines, and a globally-minded spirit.

Living in Kingsford can be relatively expensive, as it's a sought-after area due to its location and amenities. The cost of living, including housing, might be higher than in some other Sydney suburbs.

Safety is a key consideration for any residential area, and Kingsford generally maintains a good record. Like any bustling area, it's always wise to be mindful of personal safety, especially at night, but the suburb is largely considered safe and family-friendly.

Kingsford is well-equipped with amenities and facilities. For education, aside from UNSW, there are several local schools like Kensington Public School and Our Lady of the Sacred Heart College.

Healthcare needs are catered to by facilities such as the Prince of Wales Hospital in nearby Randwick. For shopping and leisure, the Eastgardens Shopping Centre and the Westfield Eastgardens are a short drive away, offering a variety of retail and dining options.

The infrastructure in Kingsford is robust, with well-maintained roads, reliable utilities, and good internet connectivity, which is crucial in today's connected world. The suburb's development has been thoughtful, ensuring residents enjoy high living standards.

Accessibility is one of Kingsford's strong points. It's well connected to other parts of Sydney, making it a convenient place to live for those who work in the city or enjoy its many attractions.

The recent development of the light rail network has further enhanced Kingsford’s connectivity, providing smooth and easy access to the CBD and other key areas.

Public transportation options are plentiful, with the light rail and numerous bus routes serving the suburb. This makes commuting to different parts of Sydney relatively easy and convenient, reducing the reliance on private vehicles.

Overall, Kingsford offers a dynamic and comfortable living experience, highlighted by its multicultural atmosphere, quality amenities, and excellent connectivity. While the cost of living might be on the higher side, the benefits and convenience it offers make it a desirable place to live in Sydney.

How much does it cost to buy real estate in Kingsford?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Australia.

When it comes to buying property in Kingsford there's a range of options available, and the cost varies significantly based on factors like the type of property and its location within the suburb.

In Kingsford, you'll find a mix of residential properties including apartments, standalone houses, and some luxury villas. The diverse selection caters to different needs and preferences, whether you're a student, a professional, or looking for a family home.

Apartments, particularly those close to the University of New South Wales, are in high demand. This demand is driven by the large student and academic population.

Houses, especially those with more space and amenities, are also sought after by families and professionals. The high demand for properties near educational institutions and lifestyle amenities makes Kingsford a popular choice.

In terms of property types, Kingsford sees a blend of both new developments and resale properties. The new developments often attract buyers looking for modern amenities and design, while resale properties can offer a more traditional or established neighborhood feel.

The price range for properties in Kingsford varies. Prices per square meter for apartments could range significantly, often influenced by factors such as size, condition, and proximity to key amenities like the university or public transport. Houses, particularly larger or more modern ones, typically command higher prices.

Over recent years, property values in Kingsford have generally seen an upward trend. This increase is attributed to factors like improved infrastructure, including the light rail system, and the suburb's growing appeal due to its proximity to the university and the city.

Looking ahead, there are always new developments and city planning changes on the horizon that might affect property values in Kingsford. Specific projects, particularly those improving transport links or adding new community amenities, can be a catalyst for price increases.

Predictions for the real estate market in Kingsford in the coming years suggest that the area will continue to be in demand, particularly if the infrastructure and amenities continue to improve.

The ongoing appeal of being near the university, combined with the lifestyle Kingsford offers, should sustain the interest of buyers and investors.

Specific factors indicating a potential increase in value include continued infrastructure developments, the stable demand for housing near educational institutions, and the suburb's overall desirability due to its lifestyle and location. These elements contribute to making Kingsford an attractive option for property buyers in Sydney.

Where is the best area to buy a property in Kingsford?

When considering the best area to buy a property in Kingsford it's important to note that different parts of the suburb offer varied experiences in terms of atmosphere, property types, and prices.

Kingsford is a suburb with a dynamic character, influenced by its proximity to the University of New South Wales and the Sydney CBD.

One of the most sought-after areas in Kingsford is near the university. This area is particularly popular due to its vibrant atmosphere, driven by a diverse, youthful population of students and academics.

Properties here are predominantly apartments, catering to the high demand for student accommodation and rental investments. Prices in this area can be higher due to the strong demand, but it's also an area where rental yield can be quite attractive for investors.

For those looking for a quieter, more residential feel, the areas further away from the university, towards the eastern parts of Kingsford, offer a different experience.

Here, you'll find more standalone houses and a more suburban atmosphere, suitable for families or professionals seeking a balance between city life and a relaxed neighborhood vibe. The prices in these areas can vary, often depending on the size and condition of the property.

As for up-and-coming areas within Kingsford, it's worth keeping an eye on developments along the major transport corridors. With the introduction of the light rail system, areas closer to these transport links are gaining attention.

Improved accessibility can make these areas more desirable, potentially leading to an increase in property values over time.

For potential buyers, areas near Anzac Parade are worth considering. This stretch is well-connected, rich in amenities, and offers a mix of residential options, from modern apartments to classic houses. The proximity to transport, shops, and eateries makes it a convenient and attractive location.

On the contrary, areas immediately adjacent to major roads or nightlife spots might not be advisable for everyone, especially those seeking a quieter living environment.

The noise and bustle associated with such locations can be a downside for some, particularly families or those who prefer a more serene neighborhood.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Australia.

Area	Atmosphere	Property Types	Price Range	Suitability
Near University of NSW	Vibrant, youthful	Apartments	Higher	Students, Investors
Eastern Parts of Kingsford	Quieter, suburban	Standalone houses	Varies	Families, Professionals
Near Anzac Parade	Convenient, well-connected	Mixed (apartments & houses)	Moderate to high	Wide demographic
Adjacent to Major Roads/Nightlife	Noisy, bustling	Varies	Moderate	Those seeking urban lifestyle

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Is there a strong rental demand in Kingsford?

Kingsford does indeed have a strong rental demand, shaped largely by its unique location and demographic profile.

Understanding the nuances of this demand can help in making informed investment decisions in the area.

Firstly, the rental market in Kingsford leans more towards long-term rentals. This trend is primarily driven by the presence of the University of New South Wales (UNSW). The university attracts a steady stream of students, both domestic and international, who typically seek stable, long-term accommodation near the campus.

Additionally, faculty and staff of the university, along with young professionals working in and around Sydney, contribute to the long-term rental demand.

The target demographic in Kingsford is quite diverse. Students are a significant portion, often looking for affordable, functional housing options like shared apartments or studio flats. These tenants generally prioritize proximity to the university, ease of access to public transportation, and local amenities like cafes, shops, and recreational spaces.

Families and young professionals, who also form a substantial part of the tenant base, might lean towards larger apartments or even standalone houses, valuing additional space and the quieter parts of the suburb.

Specifically, areas close to the university, such as those along Anzac Parade, experience a higher demand for rentals. These areas offer the convenience of easy access to both educational facilities and city amenities, making them attractive to a broad range of potential tenants.

When it comes to amenities, properties that include or are close to conveniences like laundry facilities, secure parking, and internet connectivity are likely to see reduced vacancy rates.

For students and young professionals, these features add significant value to a rental property. Properties that are within walking distance of public transport hubs, shopping areas, or community spaces are also more desirable, as they cater to the lifestyle needs of the primary tenant demographic.

In terms of potential returns on investment, properties in Kingsford can be quite lucrative, especially given the consistent demand.

Rental yields can vary, but they generally reflect the property's proximity to key amenities and the university. Apartments close to UNSW, for instance, might offer higher yields due to their perennial popularity among students.

Looking at the types of properties that are gaining increasing demand and could potentially offer better yields, smaller apartments, particularly one or two-bedroom units, are becoming more sought after.

These properties cater well to the student market and young professionals, who make up a large portion of the rental market in Kingsford. Their affordability, combined with the convenience they offer, makes them a smart choice for investors seeking sustainable rental income.

Overall, the rental market in Kingsford presents a solid opportunity for property investors, especially those targeting the long-term rental sector. Understanding the specific needs and preferences of the suburb's diverse tenant base is key to maximizing investment returns.

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Is it easy to buy a property as foreigner in Kingsford?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Australia.

Buying property in Kingsford, Sydney, as a foreigner involves navigating specific regulations and understanding the local property market.

It's not necessarily difficult, but there are certain steps and considerations that are unique to non-Australian buyers.

Firstly, foreign buyers in Australia are subject to regulations set by the Foreign Investment Review Board (FIRB). The FIRB requires foreign investors to gain approval before purchasing residential real estate in Australia.

This process includes an application fee, and the approval is typically focused on new developments or unoccupied properties, as Australia aims to increase its housing stock without reducing the availability of homes for its citizens.

So, as a foreigner, your ability to purchase property, particularly resale homes, in Kingsford may be limited.

The purchasing process itself involves several steps. Once you've found a property and obtained FIRB approval, you'll need to make an offer, usually through a real estate agent. If your offer is accepted, you enter into a contract and pay a deposit.

Then, there's a settlement period during which legal and financial due diligence is conducted, culminating in the transfer of ownership.

Risks associated with property investment in Kingsford are similar to those in other real estate markets. These include market volatility, potential changes in rental demand, and fluctuating property values.

Additionally, as a foreigner, there's the added complexity of dealing with currency exchange rates and potential changes in foreign investment policies.

Common pitfalls for foreign buyers in Australia include underestimating the total cost of purchase, which includes stamp duty, legal fees, inspection costs, and FIRB application fees. Also, being unfamiliar with Australian property laws and market trends can lead to poor investment decisions.

For example, not being aware of the specific local council regulations in Kingsford that might affect property use or future developments.

Working with a local real estate agent or lawyer is highly advisable. They can provide valuable insights into the Kingsford property market, assist with navigating the FIRB process, and ensure all legal requirements are met.

They can also help understand any local nuances, such as the popularity of certain property types or areas within Kingsford, which might not be immediately apparent to a foreign investor.

Common exit strategies for property investors in Kingsford include selling the property for capital gain or holding onto the property and generating income through rent. The choice of strategy often depends on market conditions, personal investment goals, and changes in personal circumstances.