VIC has seen average median house prices change by 7.80% which means that Kennington, 3550 has done well for property investors by showing a capital gain of 3.29% over the last year
If we look at median property appreciation over just the last three months, Kennington has given property investors a paper return of -2.80%. This puts Suburb as 615 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Kennington is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 287th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.49%, investors should hope to achieve an overall return of 4.52%
If you compare the increase in value of investment property in Kennington, 3550 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 7.53%.
Kennington,3550 has offered an average of 7.53% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Kennington is giving property investors an average Vendor Discount of around -8.21%. This puts suburb at number 22th in VIC when ranking the most discounted suburbs.
With the median price for a house in Kennington being $228500 and the advertised rent reaching $242.5 the gross rental yield for property investors calculates out to be 5.52%