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Kings Park
AREA REPORTS

Kings Park

Kings Park - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3021

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Property investments in KINGS PARK fare well against the rest of the country last year, registering a median home price increase of 7.53%.

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

Based on its average 5-year and quarterly capital gains KINGS PARK, 3021 saw average growth in the long term.

Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 51.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $550,000.

KINGS PARK ranks 282nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.31% return.

Data report can be found below

Kings Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 N/A
GROWTH REPORT
Median Quarterly 3.77% N/A
Median 12 month 7.53% N/A
Median 3 years 2.23% N/A
Median 5 years 52.78% N/A
10 years average annual 5.38% N/A
Weekly media advert. rent $350 N/A
Time on Market 51.7 days N/A
Gross Rental Yield Percent 3.31% N/A
demographics (median values)*
Total Population
54191
Weekly Household Income
1050
Household Size
2.90
Age
35
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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