Suburb Profile Report for Kennington VIC (3550)

Kennington House: Median price $345,125, Annual capital growth 3.94%, Number of sales 100, Weekly median advertised rent $300

Kennington Unit: Median price $250,000, Annual capital growth 3.28%, Number of sales 61, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.96% which means that Kennington, 3550 has done well for property investors by showing a capital gain of 0.04% over the last year

Comparing Kennington,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Kennington, 3550 is offering VIC ‘s 185th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Investment property in Kennington has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.76%

The five-year average increase in median property values for Kennington,3550 has given property investors a potential capital gain of 15.21% across each of those five years.

Vendor discounting in Kennington is giving property investors an average Vendor Discount of around -7.75%. This puts suburb at number 21th in VIC when ranking the most discounted suburbs.

Kennington, 3550’s gross rental yield is 5.20%

Metrics i HOUSE UNIT
$345,125 $250,000
-1.07% 2.04%
0.04% 7.76%
3.94% 3.28%
$300 $250
100 61
4.52% 5.20%
75.36 78.7

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
Chart Table
Recent sales & rentals