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AREA REPORTS

South Kingsville

Suburb Profile

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

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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 $847,625.

The downward trend in home prices in SOUTH KINGSVILLE, 3015 averaged -0.86% per annum over a 3-year period.

Average weekly rents on listings have reached the $480 mark, reflecting a 2.94% increase in returns based on the current median price in SOUTH KINGSVILLE.

An average of 1.5 real estate transactions take place per month in SOUTH KINGSVILLE which translates to 18 per annum.

18 properties were sold in SOUTH KINGSVILLE in 2016, making it the 504th most active market in VIC based on total real estate transactions.

SOUTH KINGSVILLE, 3015 places th 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 $847,625 $517,500
GROWTH REPORT
Median Quarterly 0% 20.77%
Median 12 month -4.76% N/A
Median 3 years -2.57% 2.27%
Median 5 years 23.65% -3.27%
10 years average annual 5.03% 2.43%
Weekly media advert. rent $480 $380
Time on Market 115.5 days 55.9 days
Gross Rental Yield Percent 2.94% 3.82%
demographics (median values)
Total Population
1716
Weekly Household Income
996.9
Household Size
2.30
demographics
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