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Kensington

Suburb Profile

Kensington - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3031

house
unit

Property investments in KENSINGTON fare well against the rest of the country last year, registering a median home price increase of 20.89%.

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 KENSINGTON, 3031 saw average growth in the long term.

Real estate investors could earn a rental income of $600 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 41.2 days.

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

Property investors perceived the median home price rise to $1,115,250.

KENSINGTON ranks 396th on the list of best yielding suburbs for rental properties in VIC, posting a 2.8% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,115,250 $532,500
GROWTH REPORT
Median Quarterly -0.51% 6.5%
Median 12 month 20.89% 6.5%
Median 3 years 10.15% 5.97%
Median 5 years 40.28% 9.46%
10 years average annual 5.56% 1.43%
Weekly media advert. rent $600 $435
Time on Market 41.2 days 69.4 days
Gross Rental Yield Percent 2.8% 4.25%
demographics (median values)
Total Population
8674
Weekly Household Income
1384
Household Size
2.10
demographics
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