Suburb Profile Report for Kingsbury VIC (3083)

Kingsbury House: Median price $610,000, Annual capital growth 7.84%, Number of sales 36, Weekly median advertised rent $370

Kingsbury Unit: Median price $390,000, Annual capital growth 4.70%, Number of sales 27, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.12% which means that Kingsbury, 3083 has done well for property investors by showing a capital gain of 8.93% over the last year

Taking the average capital gain, or increase in median house value, Kingsbury,3083 has racked up an average of 8.93% over the period. This ranks it number 1150th in the whole country for real estate investors looking at median house price increases.

At number 481th of VIC’s most discounted properties, Kingsbury is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Kingsbury the average time real estate has been on the market is 47.58 days.

With the median price for a house in Kingsbury being $610000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.15%

Giving property investors a an unimpressive capital gain of 0.32% for the last year, Kingsbury, 3083 is the 1052th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Kingsbury,3083 has racked up an average of 0.32% over the period. This ranks it number 1075th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Kingsbury is giving property investors an average Vendor Discount of around -3.59%. This puts suburb at number 256th in VIC when ranking the most discounted suburbs.

Kingsbury is 149th on a list of best yielding suburbs for rents in VIC with a 4.40% return

Metrics i HOUSE UNIT
$610,000 $390,000
2.91% 2.63%
8.93% 0.32%
7.84% 4.70%
$370 $330
36 27
3.15% 4.40%
47.58 63.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Kingsbury VIC
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
Chart Table
Recent sales & rentals