Suburb Profile Report for Kingsville VIC (3012)

Kingsville House: Median price $895,000, Annual capital growth 9.12%, Number of sales 47, Weekly median advertised rent $470

Kingsville Unit: Median price $380,000, Annual capital growth 11.12%, Number of sales 38, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kingsville is in the TOP 20% in VIC when comparing median price capital growth over the last year. Kingsville gave property investors a very good capital gain figure when compared to the rest of the state, with 15.11%.

A 49.17% growth in median value for property investors in Kingsville,3012 puts this suburb at number 110th in terms of best performing suburbs in VIC

Kingsville, 3012 is offering VIC ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

Property investors who have had real estate in Kingsville, 3012 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.75%

The five-year average increase in median property values for Kingsville,3012 has given property investors a potential capital gain of 15.15% across each of those five years.

Our latest figures would indicate that property sellers in Kingsville are currently offering property investors an average price cut of -4.08% below the asking price at the moment.

In the last year 38 properties changed hands in Kingsville, which puts it as the 221th most active market in VIC when comparing the number of sales per suburb.

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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
HOUSE UNIT
$895,000 $380,000
5.29% 7.95%
15.11% 18.75%
9.12% 11.12%
$470 $300
47 38
2.73% 4.11%
60.23 56.14

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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