Kingsgrove Property Market Update 1st Half 2025
Kingsgrove is a vibrant suburb located about 13km southwest of Sydney CBD. It offers a mix of residential charm and commercial conveniences with plenty of shops, parks and community hubs. With easy access to the M5 Motorway and with a local railway station connecting it to the CBD, Kingsgrove is an ideal family suburb.
Property Trends
In Q1 2025, Kingsgrove recorded a median house price of $1,660,000 and a median unit price of $650,000. This is an annual (Q1 2024 – Q1 2025) price softening of -6.5% for houses, but a price increase of 3.6% for units. Comparing Q1 2024 and Q1 2025, sales declined by -13.8% (to 125 sales) for houses and increased by 41.6% (to 109 sales) for units. House prices have been impacted by higher interest rates, even if there is less stock available. This creates an opportunity for buyers. Units have become highly demanded, due to the number of low house stock available and their comparative affordability. As a result of higher demand, this has pushed up unit prices, creating an opportunity for owners to capitalise on their investment.
Project Development
Kingsgrove will see approximately $101.6M worth of new projects commencing in 2025–2026. The Canterbury-Bankstown Bulldogs Centre of Excellence ($52.0M) is a major commercial project to commence during this time. Approximately 117 units/apartments and 4 dwellings are planned in 2025. Whilst this will assist with some of the demand, it is not enough. There will still be an undersupply in the market, especially for houses.
Rental Market & Growth
House rental yields in Kingsgrove were 2.5% as of March 2025, relatively on par with Sydney Metro (2.7%). Median house rental price has remained relatively stable on a quarterly basis in the past 12 months, ranging $820 – $850 per week. The number of houses rented increased by 32.7% (to 211 houses) in the past 12 months to Q1 2025, indicating a well-demanded rental market. Median unit price increased by 4.7% in the past 12 months to Q1 2025. Combined, this creates unique opportunities for investors.
Vacancy Rates & Property Investment
Kingsgrove recorded a vacancy rate of 1.0% in March 2025, slightly below Sydney Metro’s 1.3%. Vacancy rates did fluctuate in the past 12 months but overall showed an increasing pattern, due to the increase in investors returning to market. However, a 1.0% vacancy rate is well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in Kingsgrove. This is a conducive environment for investors, especially with a softer house sales price in Q1 2025.
