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Kingsville
AREA REPORTS

Kingsville

Kingsville - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3012

house
unit

Property investors enjoyed capital gains of 21.26% over the last 12 months in KINGSVILLE, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in KINGSVILLE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 27.32% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 2.32% increase in returns based on the current median price in KINGSVILLE.

KINGSVILLE, 3012 ranks 282nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 431st on the list of best yielding suburbs for rental properties in VIC, posting a 2.32% return.

Data report can be found below

Kingsville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,235,000 $587,500
GROWTH REPORT
Median Quarterly 1.23% 0%
Median 12 month 21.26% 7.6%
Median 3 years 27.32% 30.56%
Median 5 years 39.94% 63.88%
10 years average annual 7.86% 7.14%
Weekly media advert. rent $550 $300
Time on Market 63.0 days 89.7 days
Gross Rental Yield Percent 2.32% 2.66%
demographics (median values)*
Total Population
26298
Weekly Household Income
1483
Household Size
2.50
Age
33
Monthly Loan Repayment
1987
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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