Giving property investors a an average capital gain of -3.09% for the last year, Kennington, 3550 is the 2276th highest performer in Australia in this respect.
Kennington,3550 has offered an average of -3.09% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Kennington should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 138 properties changed hands in Kennington, which puts it as the 161th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
VIC has seen average median house prices change by 0.68% which means that Kennington, 3550 has done well for property investors by showing a capital gain of 3.92% over the last year
Comparing Kennington,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Kennington is giving property investors an average Vendor Discount of around -9.00%. This puts suburb at number 20th in VIC when ranking the most discounted suburbs.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.49%, without taking into account capital value appreciation, which has been averaging out at 15.05%.