Suburb Profile Report for Kings Park VIC (3021)

Kings Park House: Median price $508,500, Annual capital growth 6.98%, Number of sales 74, Weekly median advertised rent $350

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

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

  • House Report

Kings Park has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.20% to date .

If we look at median property appreciation over just the last three months, Kings Park has given property investors a paper return of -3.14%. This puts Suburb as 580 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Kings Park is giving property investors an average Vendor Discount of around -7.36%. This puts suburb at number 222th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Kings Park the average time real estate has been on the market is 93.5 days.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.98%, investors should hope to achieve an overall return of 3.58%

Metrics i HOUSE UNIT
$508,500 N/A
-3.14% N/A
-9.20% N/A
6.98% N/A
$350 N/A
74 N/A
3.58% N/A
93.5 N/A

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

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8311
Median household income ($/weekly) 941
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1167 14.0
    25-34 years 1203 14.5
    35-44 years 1093 13.2
    45-54 years 1105 13.3
    55-64 years 1203 14.5
    Others 2540 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 3071 49.7
    Not Married 2875 46.5
    Defacto Relationship 235 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3346 43.8
    Germany 398 5.2
    Philippines 307 4.0
    Viet Nam 1074 14.1
    Other 924 12.1
    Others 1584 20.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 1482 19.5
    Christianity 4621 60.9
    Islam 622 8.2
    Other Religious Groups 101 1.3
    No Religion 683 9.0
    Others 84 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 348 15.3
    $600-$799 289 12.7
    $800-$999 221 9.7
    $1,000-$1,249 218 9.6
    $1,500-$1,999 304 13.4
    Others 897 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2707 44.4
    Employed, worked full-time 1864 30.6
    Employed, worked part-time 887 14.5
    Unemployed, looking for work 388 6.4
    Employed, away from work 255 4.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 405 13.5
    Community & personal service workers 291 9.7
    Clerical & administrative workers 397 13.2
    Machinery operators & drivers 503 16.7
    Labourers 611 20.3
    Others 798 26.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 647 34.3
    Secondary 571 30.3
    Technical or Further Educational Institution 178 9.4
    University or other Tertiary Institutions 279 14.8
    Other type of educational institution 107 5.7
    Others 103 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7413 94.2
    Semi-detached, row or terrace house, townhouse 323 4.1
    Flat, unit or apartment 118 1.5
    House or flat attached to a shop, office 15 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1019 41.3
    Being purchased 873 35.4
    Rented 562 22.8
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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