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%