Suburb Profile Report for South Kingsville VIC (3015)

South Kingsville House: Median price $762,000, Annual capital growth 9.28%, Number of sales 31, Weekly median advertised rent $415

South Kingsville Unit: Median price $522,000, Annual capital growth 8.75%, Number of sales 17, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in South Kingsville, 3015 have given investors a capital gain of 5.10%. This compares badly with the 8.13% for VIC as a whole.

South Kingsville,3015 has offered an average of 5.10% 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 55th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $415 and the average annual increase in value of a median property of 9.28%, investors should hope to achieve an overall return of 2.83%

South Kingsville is in the TOP 10% in VIC when comparing median price capital growth over the last year. South Kingsville gave property investors a very good capital gain figure when compared to the rest of the state, with 22.18%.

While South Kingsville,3015 ranked number 22th in VIC for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.

Property investors looking for a bargain in South Kingsville should be aiming for at least -8.55% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $350 mark per week – giving a return of 3.49% based on the median price in Suburb

HOUSE UNIT
$762,000 $522,000
-1.17% 7.68%
5.10% 22.18%
9.28% 8.75%
$415 $350
31 17
2.83% 3.49%
69.94 89.8

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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