Suburb Profile Report for Kennington VIC (3550)

Kennington House: Median price $350,000, Annual capital growth 3.38%, Number of sales 107, Weekly median advertised rent $300

Kennington Unit: Median price $267,000, Annual capital growth 4.83%, Number of sales 50, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Kennington, 3550 ranked 628th in VIC when comparing growth in median property values or capital gain over the last 12 months. Kennington is one of 2098 in our list for VIC

A 12.90% growth in median value for property investors in Kennington,3550 puts this suburb at number 529th in terms of best performing suburbs in VIC

At number 176th of VIC’s most discounted properties, Kennington is in the bottom 30% of the state/territory when listing in order of most discounted to least.

At number 2047 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 81.78 for properties listed there.

Kennington is 174th on a list of best yielding suburbs for rents in VIC with a 4.46% return

Investment property in Kennington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.67%

Across a shorter period, Kennington, 3550 has seen a median price increase of 6.80% over the last quarter.

The most recent median price for Kennington is $267000, with sellers offering an average of -6.78% off the asking price.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 4.83%, investors should hope to achieve an overall return of 4.87%

Metrics i HOUSE UNIT
$350,000 $267,000
0.32% 6.80%
-2.10% 18.67%
3.38% 4.83%
$300 $250
107 50
4.46% 4.87%
81.78 84.82

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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