Property investors who have had real estate in Kennington, 3550 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.65%
Kennington,3550 was ranked 3218 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.93% to buyers in Kennington at the moment, which is less than average for the rest of VIC.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 4.50%.
Kennington is in the TOP 30% in VIC when comparing median price capital growth over the last year. Kennington gave property investors a good capital gain figure when compared to the rest of the state, with 7.89%.
Kennington,3550 was ranked 278 in Australia by increase in median property value over the quarter.
Kennington3550 is located in VIC which offers an average discount of -5.14% to property investors. Kennington itself is showing figures that indicate -8.61% is the average achievable by property buyers investing in the suburb.
At number 1079 in a list of fastest selling suburbs, Kennington is in the bottom 30% of suburbs in Australia with an average of days on market 96.86 for properties listed there.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 3.21%.