Suburb Profile Report for Kennington VIC (3550)

Kennington House: Median price $346,375, Annual capital growth 4.50%, Number of sales 102, Weekly median advertised rent $300

Kennington Unit: Median price $242,750, Annual capital growth 3.21%, Number of sales 94, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$346,375 $242,750
-1.72% 4.63%
4.65% 7.89%
4.50% 3.21%
$300 $250
102 94
4.50% 5.36%
82.72 96.86

Source: CoreLogic

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