Suburb Profile Report for Kingsbury VIC (3083)

Kingsbury House: Median price $590,250, Annual capital growth 8.27%, Number of sales 30, Weekly median advertised rent $360

Kingsbury Unit: Median price $350,000, Annual capital growth 3.81%, Number of sales 23, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Kingsbury, 3083 have given investors a capital gain of 11.47%. This compares favourably with the 7.80% for VIC as a whole.

The five-year average increase in median property values for Kingsbury,3083 has given property investors a potential capital gain of 20.46% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kingsbury, 3083. Typically our figures indicate that -4.45% is being offered, which puts this VIC suburb at 2965th most discounted overall in Australia.

Often selling an investment property can take time, and in Kingsbury the average time real estate has been on the market is 48.45 days.

With the median price for a house in Kingsbury being $590250 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.17%

VIC has seen average median house prices change by 3.63% which means that Kingsbury, 3083 has done well for property investors by showing a capital gain of -12.50% over the last year

Kingsbury,3083 has offered an average of -12.50% return per annum in house price rises to property investors over the last three years.

The most recent median price for Kingsbury is $350000, with sellers offering an average of -5.43% off the asking price.

Situated 11.03km from the CBD, Kingsbury is one of Darebin localities in the postcode 3083.

HOUSE UNIT
$590,250 $350,000
-0.38% -8.38%
11.47% -12.50%
8.27% 3.81%
$360 $340
30 23
3.17% 5.05%
48.45 69.5

Source: CoreLogic

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