Suburb Profile Report for Kennington VIC (3550)

Kennington House: Median price $370,000, Annual capital growth 4.95%, Number of sales 129, Weekly median advertised rent $313

Kennington Unit: Median price $315,000, Annual capital growth 5.97%, Number of sales 31, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Kennington, 3550 have given investors a capital gain of 6.06%. This compares badly with the 11.11% for VIC as a whole.

A 24.37% growth in median value for property investors in Kennington,3550 puts this suburb at number 496th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Kennington should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $312.5 weekly from the median priced house in this suburb.

Kennington, 3550 ranked 23th in VIC when comparing growth in median property values or capital gain over the last 12 months. Kennington is one of 2098 in our list for VIC

Property buyers and investors in Kennington 3550 should be seeing an average reduction in asking price of around -7.51% . This means that Kennington is holding prices well when compared to other suburbs in VIC.

At number 1417 in a list of fastest selling suburbs, Kennington is in the bottom 10% of suburbs in Australia with an average of days on market 137.3 for properties listed there.

Using the current median advertised rental of $255 and the average annual increase in value of a median property of 5.97%, investors should hope to achieve an overall return of 4.21%

Metrics i HOUSE UNIT
$370,000 $315,000
0.00% N/A
6.06% 26.00%
4.95% 5.97%
$313 $255
129 31
4.39% 4.21%
71.64 137.3

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5830
Median household income ($/weekly) 990
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 641 11.0
    25-34 years 631 10.8
    35-44 years 640 11.0
    45-54 years 726 12.5
    55-64 years 623 10.7
    Others 2569 44.1
    Age Group
    Census Count Percent(%)
    Not Married 2123 50.0
    Registered Married 1807 42.6
    Defacto Relationship 315 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4971 89.0
    Croatia 56 1.0
    Indonesia 44 0.8
    United Kingdom 130 2.3
    Other 100 1.8
    Others 284 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.5
    Christianity 3907 72.6
    Islam 30 0.6
    Other Religious Groups 32 0.6
    No Religion 1307 24.3
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 272 13.0
    $600-$799 260 12.4
    $800-$999 204 9.7
    $1,000-$1,249 210 10.0
    $1,500-$1,999 240 11.4
    Others 912 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1852 40.1
    Employed, worked full-time 1533 33.2
    Employed, worked part-time 946 20.5
    Employed, away from work 152 3.3
    Unemployed, looking for work 140 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 662 25.2
    Technicians & trades workers 318 12.1
    Community & personal service workers 324 12.3
    Clerical & administrative workers 344 13.1
    Sales 306 11.6
    Others 673 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 80 5.7
    Infants/Primary 377 27.0
    Secondary 360 25.8
    Technical or Further Educational Institution 133 9.5
    University or other Tertiary Institutions 399 28.6
    Others 46 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4554 86.7
    Flat, unit or apartment 457 8.7
    Semi-detached, row or terrace house, townhouse 237 4.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 850 37.7
    Rented 835 37.0
    Being purchased 562 24.9
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals