Kennington, 3550 ranked 478th 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
Kennington,3550 was ranked 2486 in Australia by increase in median property value over the quarter.
At number 305th of VIC’s most discounted properties, Kennington is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Kennington have been waiting around 77 days to sell a property.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 4.46%.
Giving property investors a an unimpressive capital gain of -3.64% for the last year, Kennington, 3550 is the 1344th highest performer in Australia in this respect.
Over the longer term, Kennington has seen property prices show investors a -6.25% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Kennington is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in VIC
With the median price for a house in Kennington being $225000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.78%