Kennington

POSTAL CODE: VIC, 3550
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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 $644,000.

The upward trend in home prices in KENNINGTON, 3550 averaged 1.97% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 4.04% increase in returns based on the current median price in KENNINGTON.

An average of 10.83 real estate transactions take place per month in KENNINGTON which translates to 130 per annum.

130 properties were sold in KENNINGTON in 2016, making it the 640th most active market in VIC based on total real estate transactions.

KENNINGTON, 3550 places 164th in Australia based on median property value growth during the quarter.

Surburb overview

Kennington is an established suburb of Bendigo in central Victoria, approximately 150 kilometres north-west of Melbourne’s CBD and about 2 kilometres south-east of the Bendigo city centre within the City of Greater Bendigo. Originally developed during the Victorian gold rush, the suburb has evolved into a well-established residential, commercial and education precinct, supported by its proximity to central Bendigo and a broad range of local amenities. Kennington is situated on the traditional lands of the Dja Dja Wurrung people.

According to the 2021 Australian Bureau of Statistics Census, Kennington had a population of 5,953 people with a median age of 39 years. Detached houses comprise the predominant housing type, complemented by townhouses, units and retirement accommodation that provide a variety of housing options. The suburb supports a diverse community of families, professionals, students and retirees, with employment closely linked to healthcare, education, retail and professional services throughout the Greater Bendigo region.

Road access is provided via Condon Street, Edwards Road, McIvor Road and the Midland Highway, connecting Kennington with central Bendigo, the Calder Highway and surrounding regional centres. Public transport includes regular local bus services linking the suburb with Bendigo Railway Station, La Trobe University and neighbouring suburbs. At the same time, Bendigo Railway Station provides frequent V/Line train services to Melbourne and other regional destinations. Walking and cycling paths offer convenient connections to the city centre and nearby recreational areas.

Kennington provides a comprehensive range of essential services, including supermarkets, medical centres, pharmacies, schools, childcare facilities, cafés, sporting facilities and neighbourhood shopping precincts. Residents also benefit from convenient access to Bendigo Health, La Trobe University, Bendigo TAFE, government offices and the extensive retail, dining and professional services available in central Bendigo.

Kennington offers a wide variety of recreational and cultural opportunities. Residents and visitors have access to Strathdale Park, Kennington Reservoir, walking and cycling trails, playgrounds and sporting reserves. Nearby attractions include Bendigo Creek Trail, Rosalind Park, Bendigo Art Gallery, Ulumbarra Theatre and the Central Deborah Gold Mine. The suburb also enjoys proximity to Bendigo's festivals, markets, cultural events and the surrounding Box–Ironbark forests, which provide opportunities for bushwalking, cycling and nature-based recreation throughout the year.

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