At number 1103th in the list of Australian suburbs ordered by increase in median house value over the last year, Kennington, 3550 is in the top 30% with a property value increase of 4.92% recorded in median house prices.
Across a shorter period, Kennington, 3550 has seen a median price increase of 4.92% over the last quarter.
Our latest figures would indicate that property sellers in Kennington are currently offering property investors an average price cut of -5.54% below the asking price at the moment.
The VIC suburb of Kennington, 3550 is in the Greater Bendigo (C) local government area.
If you compare the increase in value of investment property in Kennington, 3550 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.70%.
Comparing Kennington,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Kennington is $262500, with sellers offering an average of -6.43% off the asking price.
Property investors should expect to get $280 weekly from the median priced house in this suburb.