Suburb Profile Report for South Kingsville VIC (3015)

South Kingsville House: Median price $772,000, Annual capital growth 9.42%, Number of sales 35, Weekly median advertised rent $445

South Kingsville Unit: Median price $514,000, Annual capital growth 8.88%, Number of sales 18, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in South Kingsville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.61%

South Kingsville,3015 has offered an average of 5.61% return per annum in house price rises to property investors over the last three years.

Vendor discounting in South Kingsville is giving property investors an average Vendor Discount of around -9.35%. This puts suburb at number 69th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $445 and the average annual increase in value of a median property of 9.42%, investors should hope to achieve an overall return of 3.00%

Property investors who have had real estate in South Kingsville, 3015 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 16.55%

A 35.26% growth in median value for property investors in South Kingsville,3015 puts this suburb at number 116th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in South Kingsville are currently offering property investors an average price cut of -4.64% below the asking price at the moment.

At number 1011 in a list of fastest selling suburbs, South Kingsville is in the bottom 40% of suburbs in Australia with an average of days on market 91.2 for properties listed there.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

HOUSE UNIT
$772,000 $514,000
N/A 1.58%
5.61% 16.55%
9.42% 8.88%
$445 $350
35 18
3.00% 3.54%
72.43 91.2

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1829
Median household income ($/weekly) 1272
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 169 9.2
    25-34 years 398 21.8
    35-44 years 335 18.3
    45-54 years 236 12.9
    55-64 years 172 9.4
    Others 519 28.4
    Age Group
    Census Count Percent(%)
    Not Married 639 45.4
    Registered Married 611 43.4
    Defacto Relationship 159 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1203 69.3
    Indonesia 43 2.5
    Papua New Guinea 41 2.4
    United Kingdom 70 4.0
    Other 118 6.8
    Others 261 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 3.3
    Christianity 995 60.0
    Hinduism 42 2.5
    Islam 122 7.4
    No Religion 430 26.0
    Others 13 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 74 10.3
    $800-$999 66 9.2
    $1,500-$1,999 83 11.6
    $2,000-$2,499 67 9.4
    $2,500-$2,999 67 9.4
    Others 359 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 661 46.4
    Not in the labour force 412 28.9
    Employed, worked part-time 244 17.1
    Employed, away from work 61 4.3
    Unemployed, looking for work 48 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 118 12.2
    Professionals 254 26.2
    Technicians & trades workers 116 12.0
    Community & personal service workers 83 8.6
    Clerical & administrative workers 177 18.3
    Others 221 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 10.2
    Infants/Primary 108 29.8
    Secondary 71 19.6
    Technical or Further Educational Institution 35 9.6
    University or other Tertiary Institutions 99 27.3
    Others 13 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 897 51.5
    Semi-detached, row or terrace house, townhouse 532 30.5
    Flat, unit or apartment 306 17.6
    House or flat attached to a shop, office 7 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 321 41.5
    Being purchased 254 32.9
    Fully owned 189 24.5
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
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