Suburb Profile Report for Kingsbury VIC (3083)

Kingsbury House: Median price $613,000, Annual capital growth 7.59%, Number of sales 44, Weekly median advertised rent $355

Kingsbury Unit: Median price $380,000, Annual capital growth 4.67%, Number of sales 28, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.15% for the last 12 months, Kingsbury, 3083 has performed for property investments than its average annual 7.59% property growth over the last 5 years.

A 38.37% growth in median value for property investors in Kingsbury,3083 puts this suburb at number 513th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Kingsbury itself are offering an average vendor discount of -4.62% to real estate investors.

Renters in Suburb are facing rents around $4260 per annum or $355 every week.

Kingsbury is in the bottom 30% in VIC when comparing median price capital growth over the last year. Kingsbury gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.30%.

Property buyers and investors in Kingsbury 3083 should be seeing an average reduction in asking price of around -4.98% . This means that Kingsbury is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $330 mark per week – giving a return of 4.52% based on the median price in Suburb

Metrics i HOUSE UNIT
$613,000 $380,000
0.49% N/A
5.15% -1.30%
7.59% 4.67%
$355 $330
44 28
3.01% 4.52%
61.35 64.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3362
Median household income ($/weekly) 891
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    20-24 years 543 16.2
    25-34 years 627 18.6
    35-44 years 426 12.7
    45-54 years 325 9.7
    65-74 years 318 9.5
    Others 1123 33.4
    Age Group
    Census Count Percent(%)
    Not Married 1508 53.7
    Registered Married 1139 40.6
    Defacto Relationship 160 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1555 48.1
    Croatia 387 12.0
    Indonesia 153 4.7
    Viet Nam 208 6.4
    Other 233 7.2
    Others 700 21.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 204 6.5
    Christianity 1726 54.8
    Hinduism 106 3.4
    Islam 213 6.8
    No Religion 856 27.2
    Others 43 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 162 14.3
    $600-$799 127 11.2
    $800-$999 102 9.0
    $1,000-$1,249 122 10.7
    $1,500-$1,999 112 9.9
    Others 510 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1337 47.6
    Employed, worked full-time 762 27.1
    Employed, worked part-time 477 17.0
    Unemployed, looking for work 134 4.8
    Employed, away from work 97 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 267 20.0
    Technicians & trades workers 184 13.8
    Community & personal service workers 142 10.6
    Clerical & administrative workers 181 13.5
    Labourers 178 13.3
    Others 384 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 37 3.3
    Infants/Primary 186 16.8
    Secondary 139 12.5
    Technical or Further Educational Institution 75 6.8
    University or other Tertiary Institutions 640 57.7
    Others 33 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2879 87.9
    Semi-detached, row or terrace house, townhouse 235 7.2
    Flat, unit or apartment 160 4.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 469 39.0
    Fully owned 466 38.7
    Being purchased 259 21.5
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals