Suburb Profile Report for Kyneton VIC (3444)

Kyneton House: Median price $565,000, Annual capital growth 8.20%, Number of sales 106, Weekly median advertised rent $430

Kyneton Unit: Median price $408,000, Annual capital growth 10.12%, Number of sales 11, Weekly median advertised rent $330

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 10.29% for the last 12 months, Kyneton, 3444 has performed for property investments than its average annual 8.20% property growth over the last 5 years.

The five-year average increase in median property values for Kyneton,3444 has given property investors a potential capital gain of 43.49% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Kyneton is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 363th in terms of most discounted suburbs in VIC

At number 1327 in a list of fastest selling suburbs, Kyneton is in the TOP 40% of suburbs in Australia with an average of days on market 64.5104 for properties listed there.

The VIC suburb of Kyneton, 3444 is in the Macedon Ranges (S) local government area.

Over the last year, property investments in Kyneton, 3444 have given investors a capital gain of 2.00%. This compares favourably with the 0.74% for VIC as a whole.

Kyneton,3444 has offered an average of 2.00% return per annum in house price rises to property investors over the last three years.

Situated 77.41km from the CBD, Kyneton is one of Macedon Ranges (S) localities in the postcode 3444.

Information supplied by:


April 2019

M
O

W
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Historic suburb has strong growth potential

Postcode: 3444

Median unit price: $399,000

Three-year growth: 22.8%

Rental yield: 4.3%

The Macedon Ranges suburb of Kyneton was named for the village of Kineton in Warwickshire. This area also once served as a supply centre for gold rushers in Castlemaine and Bendigo – in fact, Piper Street, the oldest main street in this suburb, contains buildings constructed from back in the 1840s.

As a midway point between Melbourne and Bendigo, Kyneton is popular with tourists who visit for the incredible views. The suburb is alive with shops, galleries and a museum. Some of the oldest churches in Victoria can be found here – an impressive collection of bluestone structures.

With a median value of less than $400,000, Kyneton offers low=priced apartment living while having strong growth potential. The average annual growth rate for this suburb comes in at a high 7.3%, and prices went up by 3.9% in the year to January 2019.

Metrics i HOUSE UNIT
$565,000 $408,000
0.90% 4.62%
10.29% 2.00%
8.20% 10.12%
$430 $330
106 11
3.96% 4.21%
64.5104166666667 N/A

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 6628
Median household income ($/weekly) 993
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 819 12.4
    35-44 years 940 14.2
    45-54 years 930 14.0
    55-64 years 961 14.5
    65-74 years 685 10.3
    Others 2293 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 2371 49.6
    Not Married 1929 40.4
    Defacto Relationship 480 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5604 88.1
    Greece 46 0.7
    Papua New Guinea 79 1.2
    United Kingdom 333 5.2
    Other 64 1.0
    Others 237 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.6
    Christianity 4120 68.4
    Islam 9 0.1
    Other Religious Groups 46 0.8
    No Religion 1792 29.8
    Others 16 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 300 13.3
    $600-$799 254 11.3
    $800-$999 212 9.4
    $1,000-$1,249 231 10.3
    $1,500-$1,999 288 12.8
    Others 964 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2115 40.6
    Employed, worked full-time 1718 33.0
    Employed, worked part-time 1065 20.4
    Employed, away from work 193 3.7
    Unemployed, looking for work 121 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 368 12.4
    Professionals 519 17.4
    Technicians & trades workers 533 17.9
    Clerical & administrative workers 366 12.3
    Labourers 405 13.6
    Others 784 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 95 6.7
    Infants/Primary 530 37.6
    Secondary 461 32.7
    Technical or Further Educational Institution 125 8.9
    University or other Tertiary Institutions 131 9.3
    Others 69 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5701 93.7
    Semi-detached, row or terrace house, townhouse 96 1.6
    Flat, unit or apartment 228 3.7
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 51 0.8
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 998 40.5
    Being purchased 885 35.9
    Rented 571 23.2
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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