Suburb Profile Report for Kyneton VIC (3444)

Kyneton House: Median price $457,500, Annual capital growth 7.55%, Number of sales 115, Weekly median advertised rent $360

Kyneton Unit: Median price $328,000, Annual capital growth 6.20%, Number of sales 13, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Kyneton, 3444 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.93%.

Kyneton,3444 was ranked 2486 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Kyneton itself are offering an average vendor discount of -6.17% to real estate investors.

In the last year 115 properties changed hands in Kyneton, which puts it as the 225th most active market in VIC when comparing the number of sales per suburb.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 7.55%.

Giving property investors a an average capital gain of 0.92% for the last year, Kyneton, 3444 is the 990th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kyneton has increased when compared to the 5 year average annual rate.

At number 193th of VIC’s most discounted properties, Kyneton is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Kyneton is 90th on a list of best yielding suburbs for rents in VIC with a 4.91% return

HOUSE UNIT
$457,500 $328,000
0.00% -3.53%
8.93% 0.92%
7.55% 6.20%
$360 $310
115 13
4.09% 4.91%
97.13 94.16

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6628
Median household income ($/weekly) 993
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 819 12.4
    35-44 years 940 14.2
    45-54 years 930 14.0
    55-64 years 961 14.5
    65-74 years 685 10.3
    Others 2293 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 2371 49.6
    Not Married 1929 40.4
    Defacto Relationship 480 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5604 88.1
    Greece 46 0.7
    Papua New Guinea 79 1.2
    United Kingdom 333 5.2
    Other 64 1.0
    Others 237 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.6
    Christianity 4120 68.4
    Islam 9 0.1
    Other Religious Groups 46 0.8
    No Religion 1792 29.8
    Others 16 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 300 13.3
    $600-$799 254 11.3
    $800-$999 212 9.4
    $1,000-$1,249 231 10.3
    $1,500-$1,999 288 12.8
    Others 964 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2115 40.6
    Employed, worked full-time 1718 33.0
    Employed, worked part-time 1065 20.4
    Employed, away from work 193 3.7
    Unemployed, looking for work 121 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 368 12.4
    Professionals 519 17.4
    Technicians & trades workers 533 17.9
    Clerical & administrative workers 366 12.3
    Labourers 405 13.6
    Others 784 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 95 6.7
    Infants/Primary 530 37.6
    Secondary 461 32.7
    Technical or Further Educational Institution 125 8.9
    University or other Tertiary Institutions 131 9.3
    Others 69 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5701 93.7
    Semi-detached, row or terrace house, townhouse 96 1.6
    Flat, unit or apartment 228 3.7
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 51 0.8
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 998 40.5
    Being purchased 885 35.9
    Rented 571 23.2
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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