AREA REPORTS

South Kingsville

 

 

Suburb Profile

South Kingsville - FREE 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 $990,000.

The upward trend in home prices in SOUTH KINGSVILLE, 3015 averaged 13.74% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 2.36% increase in returns based on the current median price in SOUTH KINGSVILLE.

An average of 2.08 real estate transactions take place per month in SOUTH KINGSVILLE which translates to 25 per annum.

25 properties were sold in SOUTH KINGSVILLE in 2016, making it the 386th most active market in VIC based on total real estate transactions.

SOUTH KINGSVILLE, 3015 places 342nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $990,000 $645,000
GROWTH REPORT
Median Quarterly 1.02% 0.39%
Median 12 month 1.02% 0.16%
Median 3 years 41.23% 46.26%
Median 5 years 62.29% 43.33%
10 years average annual 7.46% 5.14%
Weekly media advert. rent $450 $370
Time on Market 76.8 days 68.0 days
Gross Rental Yield Percent 2.36% 2.98%
demographics (median values)
Total Population
1716
Weekly Household Income
996.9
Household Size
2.30
demographics
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