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South Kingsville
AREA REPORTS

South Kingsville

South Kingsville - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3015

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,035,000.

The upward trend in home prices in SOUTH KINGSVILLE, 3015 averaged 4.17% per annum over a 3-year period.

Average weekly rents on listings have reached the $495 mark, reflecting a 2.49% increase in returns based on the current median price in SOUTH KINGSVILLE.

An average of 2 real estate transactions take place per month in SOUTH KINGSVILLE which translates to 24 per annum.

24 properties were sold in SOUTH KINGSVILLE in 2016, making it the 440th most active market in VIC based on total real estate transactions.

SOUTH KINGSVILLE, 3015 places 620th in Australia based on median property value growth during the quarter.

Data report can be found below

South Kingsville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,035,000 $820,000
GROWTH REPORT
Median Quarterly 1.42% 3.67%
Median 12 month 8.95% 19.71%
Median 3 years 12.5% N/A
Median 5 years 20% 73.13%
10 years average annual 5.92% 10.12%
Weekly media advert. rent $495 $350
Time on Market 0.0 days 60.2 days
Gross Rental Yield Percent 2.49% 2.22%
demographics (median values)*
Total Population
17472
Weekly Household Income
2071
Household Size
2.60
Age
37
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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