Property value increases in Kennington have tracked close to the VIC average of 8.13% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Kennington comes in at number 490th in VIC.
Sellers are offering property buyers an average discount of -5.85% to buyers in Kennington at the moment, which is less than average for the rest of VIC.
At number 1925 in a list of fastest selling suburbs, Kennington is just in the bottom half of suburbs in Australia with an average of days on market 80.6 for properties listed there.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
Giving property investors a a solid capital gain of 19.05% for the last year, Kennington, 3550 is the 125th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Kennington has given property investors a paper return of 2.04%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Kennington 3550 should be seeing an average reduction in asking price of around -8.13% . This means that Kennington is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Kennington the average time real estate has been on the market is 100.48 days.
Kennington, 3550’s gross rental yield is 5.10%