Suburb Profile Report for Kingsville VIC (3012)

Kingsville House: Median price $925,000, Annual capital growth 8.75%, Number of sales 48, Weekly median advertised rent $495

Kingsville Unit: Median price $352,000, Annual capital growth 5.99%, Number of sales 39, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kingsville, 3012 ranked 109th in VIC when comparing growth in median property values or capital gain over the last 12 months. Kingsville is one of 2098 in our list for VIC

A 58.39% growth in median value for property investors in Kingsville,3012 puts this suburb at number 112th in terms of best performing suburbs in VIC

Vendor discounting in Kingsville is giving property investors an average Vendor Discount of around -7.37%. This puts suburb at number 122th in VIC when ranking the most discounted suburbs.

At number 1277 in a list of fastest selling suburbs, Kingsville is in the TOP 40% of suburbs in Australia with an average of days on market 66.07 for properties listed there.

Giving property investors a a poor capital gain of -7.37% for the last year, Kingsville, 3012 is the 1475th highest performer in Australia in this respect.

Kingsville,3012 has offered an average of -7.37% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kingsville, 3012. Typically our figures indicate that -5.00% is being offered, which puts this VIC suburb at 743th most discounted overall in Australia.

Residents and property investors in Kingsville have been waiting around 70.72 days to sell a property.

With the median price for a house in Kingsville being $352000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.28%

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What Kingsville’s units have going for them is affordability. At just 10km east of the CBD, with good road links and a train station just a short walk away, Kingsville’s median unit price is something of a steal.Full summary

What Kingsville’s units have going for them is affordability. At just 10km east of the CBD, with good road links and a train station just a short walk away, Kingsville’s median unit price is something of a steal.

It may not be the most fashionable of Melbourne’s inner- to middle-ring suburbs, but its one to watch as the ripple effect takes hold.

“I love Kingsville,” says Australian Property Buyers managing director Karin Mackay. “It doesn’t have the cafe latte set that Yarraville and Seddon villages have, but they’re both only about a 15-minute walk away.”

Buyer Solutions director Janet Spencer adds that the Kingsville market has really been driven by the excellent shopping in Yarraville’s Anderson Street, and that the appeal of this shopping district has radiated out towards neighbouring suburbs.

When it comes to what to buy, Mackay points out that the area has traditionally been a good pick for investors looking for apartments from the 60s and 70s to makeover and create some added value.

“But there’s also a new block of around 11 apartments that’s just being completed,” she adds. “And they’re the first new apartments that we’ve seen here for several years.”

Spencer adds that while around 10 years ago the trend was for investors to buy and renovate period homes, it’s Kingsville’s unit market that draws in the investor crowd nowadays.

“Units are the affordable option now. I’d recommend buying two-bedroom units with off-street parking and a laundry.”

Looking at its rental market statistics, renters make up about a third of the suburb’s population.

Close
Metrics i HOUSE UNIT
$925,000 $352,000
5.71% N/A
17.46% -7.37%
8.75% 5.99%
$495 $290
48 39
2.78% 4.28%
66.07 70.72

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Kingsville VIC
Demographics
Total population 3509
Median household income ($/weekly) 1372
Median age of persons 35
Median housing loan repayment ($/monthly) 2040
Average household size 2.3
  • Census Count Percent(%)
    0-4 years 371 10.6
    5-14 years 316 9.0
    25-34 years 754 21.5
    35-44 years 830 23.7
    45-54 years 429 12.2
    Others 809 23.1
    Age Group
    Census Count Percent(%)
    Not Married 1111 43.0
    Registered Married 1031 39.9
    Defacto Relationship 441 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2200 67.7
    Indonesia 105 3.2
    United Kingdom 120 3.7
    Viet Nam 106 3.3
    Other 242 7.4
    Others 478 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 143 4.6
    Christianity 1573 50.5
    Hinduism 76 2.4
    Islam 149 4.8
    No Religion 1146 36.8
    Others 27 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 125 9.3
    $1,000-$1,249 118 8.8
    $1,500-$1,999 149 11.1
    $2,000-$2,499 125 9.3
    $2,500-$2,999 141 10.5
    Others 681 50.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1215 46.5
    Not in the labour force 664 25.4
    Employed, worked part-time 510 19.5
    Employed, away from work 124 4.7
    Unemployed, looking for work 99 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 12.9
    Professionals 639 34.6
    Technicians & trades workers 179 9.7
    Community & personal service workers 163 8.8
    Clerical & administrative workers 265 14.3
    Others 365 19.7
    Occupation
    Census Count Percent(%)
    Pre-school 89 12.8
    Infants/Primary 205 29.4
    Secondary 98 14.0
    Technical or Further Educational Institution 78 11.2
    University or other Tertiary Institutions 193 27.7
    Others 35 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2265 69.2
    Flat, unit or apartment 555 17.0
    Semi-detached, row or terrace house, townhouse 424 13.0
    House or flat attached to a shop, office 29 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 549 39.2
    Being purchased 546 39.0
    Fully owned 302 21.6
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals