Suburb Profile Report for South Kingsville VIC (3015)

South Kingsville House: Median price $967,500, Annual capital growth 7.16%, Number of sales 31, Weekly median advertised rent $440

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

With a capital gain of -0.77% for the last 12 months, South Kingsville, 3015 has performed for property investments than its average annual 7.16% property growth over the last 5 years.

Across a shorter period, South Kingsville, 3015 has seen a median price increase of 0.26% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Kingsville, 3015. Typically our figures indicate that -5.92% is being offered, which puts this VIC suburb at 1622th most discounted overall in Australia.

Information supplied by:


May 2018

M
O

W
E
Nestled in the heart of Melbourne, South Kingsville enjoyed an influx of tenants as the average vacancy rate fell from 2.6% in February 2017 to just 1.6% a year laterFull summary

Tenants flood into Melbourne

Postcode: 3015

Median unit price: $630,000

Vacancy rate: 1.6%

Three-year growth: 46.5%

Nestled in the heart of Melbourne, South Kingsville enjoyed an influx of tenants as the average vacancy rate fell from 2.6% in February 2017 to just 1.6% a year later.

A likely factor is the suburb’s proximity to the Melbourne CBD – it is only about 10 minutes away by car, and roughly a 20-minute trip by train from Spotswood railway station. Thus, unit prices have generally risen consistently since 2013 at an average annual growth rate of 7.4%.

South Kingsville is regarded as the smallest suburb in the west of Melbourne. Edwards Reserve is the centre of recreation for residents – it contains an oval for soccer and cricket games and is a picnic spot. Vernon Street serves as the suburb’s shopping hub.

Close
Metrics i HOUSE UNIT
$967,500 N/A
0.26% N/A
-0.77% N/A
7.16% N/A
$440 N/A
31 N/A
2.36% N/A
63.86 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in South Kingsville VIC
Demographics
Total population 1829
Median household income ($/weekly) 1272
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 169 9.2
    25-34 years 398 21.8
    35-44 years 335 18.3
    45-54 years 236 12.9
    55-64 years 172 9.4
    Others 519 28.4
    Age Group
    Census Count Percent(%)
    Not Married 639 45.4
    Registered Married 611 43.4
    Defacto Relationship 159 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1203 69.3
    Indonesia 43 2.5
    Papua New Guinea 41 2.4
    United Kingdom 70 4.0
    Other 118 6.8
    Others 261 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 3.3
    Christianity 995 60.0
    Hinduism 42 2.5
    Islam 122 7.4
    No Religion 430 26.0
    Others 13 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 74 10.3
    $800-$999 66 9.2
    $1,500-$1,999 83 11.6
    $2,000-$2,499 67 9.4
    $2,500-$2,999 67 9.4
    Others 359 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 661 46.4
    Not in the labour force 412 28.9
    Employed, worked part-time 244 17.1
    Employed, away from work 61 4.3
    Unemployed, looking for work 48 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 118 12.2
    Professionals 254 26.2
    Technicians & trades workers 116 12.0
    Community & personal service workers 83 8.6
    Clerical & administrative workers 177 18.3
    Others 221 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 10.2
    Infants/Primary 108 29.8
    Secondary 71 19.6
    Technical or Further Educational Institution 35 9.6
    University or other Tertiary Institutions 99 27.3
    Others 13 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 897 51.5
    Semi-detached, row or terrace house, townhouse 532 30.5
    Flat, unit or apartment 306 17.6
    House or flat attached to a shop, office 7 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 321 41.5
    Being purchased 254 32.9
    Fully owned 189 24.5
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
Chart Table