Suburb Profile Report for Kennington VIC (3550)

Kennington House: Median price $352,426, Annual capital growth 4.84%, Number of sales 105, Weekly median advertised rent $300

Kennington Unit: Median price $250,000, Annual capital growth 3.80%, Number of sales 64, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$352,426 $250,000
1.02% 2.04%
7.94% 19.05%
4.84% 3.80%
$300 $245
105 64
4.43% 5.10%
80.6 100.48

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5830
Median household income ($/weekly) 990
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 641 11.0
    25-34 years 631 10.8
    35-44 years 640 11.0
    45-54 years 726 12.5
    55-64 years 623 10.7
    Others 2569 44.1
    Age Group
    Census Count Percent(%)
    Not Married 2123 50.0
    Registered Married 1807 42.6
    Defacto Relationship 315 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4971 89.0
    Croatia 56 1.0
    Indonesia 44 0.8
    United Kingdom 130 2.3
    Other 100 1.8
    Others 284 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.5
    Christianity 3907 72.6
    Islam 30 0.6
    Other Religious Groups 32 0.6
    No Religion 1307 24.3
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 272 13.0
    $600-$799 260 12.4
    $800-$999 204 9.7
    $1,000-$1,249 210 10.0
    $1,500-$1,999 240 11.4
    Others 912 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1852 40.1
    Employed, worked full-time 1533 33.2
    Employed, worked part-time 946 20.5
    Employed, away from work 152 3.3
    Unemployed, looking for work 140 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 662 25.2
    Technicians & trades workers 318 12.1
    Community & personal service workers 324 12.3
    Clerical & administrative workers 344 13.1
    Sales 306 11.6
    Others 673 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 80 5.7
    Infants/Primary 377 27.0
    Secondary 360 25.8
    Technical or Further Educational Institution 133 9.5
    University or other Tertiary Institutions 399 28.6
    Others 46 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4554 86.7
    Flat, unit or apartment 457 8.7
    Semi-detached, row or terrace house, townhouse 237 4.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 850 37.7
    Rented 835 37.0
    Being purchased 562 24.9
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals