South Kingsville

POSTAL CODE: VIC, 3015

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SOUTH KINGSVILLE, 3015 ranks 3471st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.94% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,106,050.

The downward trend in home prices in SOUTH KINGSVILLE, 3015 averaged -3.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $767.5 mark, reflecting a 3.61% increase in returns based on the current median price in SOUTH KINGSVILLE.

An average of 2.75 real estate transactions take place per month in SOUTH KINGSVILLE which translates to 33 per annum.

33 properties were sold in SOUTH KINGSVILLE in 2016, making it the 311th most active market in VIC based on total real estate transactions.

SOUTH KINGSVILLE, 3015 places 13th in Australia based on median property value growth during the quarter.

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 $896,500.

Average median unit prices in VIC have risen as a whole, pulling SOUTH KINGSVILLE, 3015 values up and netting property investors a capital gain of 24.51% for the past year.

Investors saw the median home price rise to $896,500.

The upward trend in home prices in SOUTH KINGSVILLE, 3015 averaged 1.93% per annum over a 3-year period.

SOUTH KINGSVILLE now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SOUTH KINGSVILLE, homes and units usually stay on listing for an average of N/A.

16 properties were sold in SOUTH KINGSVILLE in 2016, making it the 313th most active market in VIC based on total real estate transactions.

Surburb overview

South Kingsville, postcode 3015, is an inner suburb located approximately 8 kilometres south-west of Melbourne's Central Business District (CBD). According to the 2021 census, it has a population of 2,156 residents. The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 36. Most of the population comprises couples with children, reflecting a family-friendly environment.

Public transportation in South Kingsville is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by the nearby Spotswood railway station on the Werribee and Williamstown lines, facilitating easy travel to and from the CBD and surrounding areas. Additionally, several bus routes operate through South Kingsville, providing further connectivity options.

South Kingsville has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy. The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities.

Recreational activities are abundant in South Kingsville, with numerous parks and green spaces available for public use. The picturesque Edwards Reserve provides walking, picnicking, and outdoor sports opportunities. Additionally, the suburb's proximity to the Newport Lakes Reserve offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle.

South Kingsville's blend of urban convenience and community-oriented living makes it desirable for diverse residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,106,050	$896,500
Growth Report
Median Quarterly	11.72%	0%
Median 12 month	1.94%	24.51%
Median 3 years	-9.34%	5.78%
Median 5 years	12.29%	17.19%
10 years average annual	4.67%	8.33%
Weekly media advert. rent	$768	$580
Time on Market	N/A	N/A
Gross Rental Yield Percent	3.61%	3.36%

Demographics (Median Values)*

Total Population 17472

Weekly Household Income 2071

Household Size 2.60

Average 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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