Suburb Profile Report for Kingsbury VIC (3083)

Kingsbury House: Median price $605,000, Annual capital growth 8.35%, Number of sales 29, Weekly median advertised rent $360

Kingsbury Unit: Median price $380,000, Annual capital growth 7.01%, Number of sales 25, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1421th in the list of Australian suburbs ordered by increase in median house value over the last year, Kingsbury, 3083 is in the top 40% with a property value increase of 7.46% recorded in median house prices.

Over the longer term, Kingsbury has seen property prices show investors a 37.50% return over the last 3 years. This is worse than over the last 12 months

Advertised rents are around the $360 mark per week – giving a return of 3.09% based on the median price in Suburb

Kingsbury has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.06% to date .

At number 167th of VIC’s most discounted properties, Kingsbury is in the middle of the state/territory when listing in order of most discounted to least.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.52%, without taking into account capital value appreciation, which has been averaging out at 7.01%.

HOUSE UNIT
$605,000 $380,000
2.98% -0.98%
7.46% -3.06%
8.35% 7.01%
$360 $330
29 25
3.09% 4.52%
N/A 68.21

Source: CoreLogic

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