Kennington has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.32% to date .
Across a shorter period, Kennington, 3550 has seen a median price increase of -1.37% over the last quarter.
Kennington, 3550 is offering VIC ‘s 189th 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.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 4.02%.
Kennington is an average performer 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 6.16%.
If we look at median property appreciation over just the last three months, Kennington has given property investors a paper return of 11.11%. This puts Suburb as 15 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Kennington is $250000, with sellers offering an average of -7.41% off the asking price.