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%