If you compare the increase in value of investment property in Kennington, 3550 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.33%.
The five-year average increase in median property values for Kennington,3550 has given property investors a potential capital gain of 22.49% across each of those five years.
Property buyers and investors in Kennington 3550 should be seeing an average reduction in asking price of around -3.47% . This means that Kennington is holding prices well when compared to other suburbs in VIC.
With a capital gain of 0.73% for the last 12 months, Kennington, 3550 has performed for property investments than its average annual 13.22% property growth over the last 5 years.
A 244.42% growth in median value for property investors in Kennington,3550 puts this suburb at number 209th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Kennington should be aiming for at least -7.39% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $290 mark per week – giving a return of 5.65% based on the median price in Suburb