Kingsbury

POSTAL CODE: VIC, 3083

HOUSE

UNIT

Property investors have seen a 0.94% gain in KINGSBURY based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains KINGSBURY, 3083 saw average growth in the long term.

The VIC 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 $860,000

Profits averaged 3.33% per annum over a 3-year period, due to an upward trend in home prices in KINGSBURY, 3083.

This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

The gross rental yield in KINGSBURY, 3083 is 3.2%.

An average of 3.92 real estate transactions take place per month in KINGSBURY which translates to 47 per annum.

Property investments in KINGSBURY did not fare well against the rest of the country last year, registering a median home price decrease of -15.56%.

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

Based on its average 5-year and quarterly capital gains KINGSBURY, 3083 saw average growth in the long term.

This means, real estate investors could earn a rental income of $470 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 KINGSBURY, homes and units usually stay on listing for an average of 70.7 days.

the VIC 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 $475,000

Investors saw the median home price rise to $475,000.

KINGSBURY ranks 76th on the list of best yielding suburbs for rental properties in VIC, posting a 5.15% return.

Surburb overview

Kingsbury is a suburb of Darebin, Victoria, located approximately 12 kilometres northeast of Melbourne's Central Business District. As of the 2021 census, it had a population of 3,460.

The suburb was named in honour of Bruce Kingsbury VC, a Victoria Cross recipient who died in Papua New Guinea during the Second World War.

Kingsbury is an established suburb, with most homes built in the 1960s featuring weatherboard or brick construction. In recent years, there has been an increase in new housing developments, following trends in neighbouring suburbs such as Reservoir and Preston.

The suburb is well-connected to Melbourne's public transportation network. Four bus routes service Kingsbury, providing access to nearby areas and amenities. Tram route 86, which operates along Plenty Road between Waterfront City in Docklands and Bundoora RMIT, stops in Kingsbury between Stops 56 and 60.

Educational institutions in Kingsbury include Kingsbury Primary School, Our Lady of the Way Catholic Primary School, and the nearby La Trobe University. In 2011, Kingsbury Primary School named its new building the Isurava Centre for Learning, after the field in New Guinea where Bruce Kingsbury fell.

The suburb offers several parks and recreational facilities. Kevin P. Hardiman Reserve, which features the Darebin Creek bike trail and a children's playground, is a notable green space. Other parks include C.W. Kirkwood Reserve and Link Playground. Additionally, Bundoora Park, a 180-hectare parkland set in natural bushland beside Darebin Creek, is located close to Kingsbury and offers ways, as well as free BBQ facilities.

Regarding housing, the median sale price in Kingsbury is approximately $808,500 for houses and $613,500 for units. Over the past 12 months, there has been a growth of 2.99% for houses and 30.53% for units. Rental yields are around 3.34% for houses and 4.59% for units.

Kingsbury's blend of historical significance, accessible amenities, and green spaces contributes to its appeal as a residential suburb in Melbourne's northeastern corridor.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$860,000	$475,000
Growth Report
Median Quarterly	0.94%	3.83%
Median 12 month	3.52%	-15.56%
Median 3 years	10.12%	-5.19%
Median 5 years	16.85%	-12.92%
10 years average annual	4.94%	-1.21%
Weekly media advert. rent	$530	$470
Time on Market	42.6 days	70.7 days
Gross Rental Yield Percent	3.2%	5.15%

Demographics (Median Values)*

Total Population 31526

Weekly Household Income 1305

Household Size 2.80

Average Age 34

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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