REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
Read More
KenningtonKennington - SUBURB PROFILE REPORT
SHARE 
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 $541,000.
The upward trend in home prices in KENNINGTON, 3550 averaged 15.27% per annum over a 3-year period.
Average weekly rents on listings have reached the $395 mark, reflecting a 3.8% increase in returns based on the current median price in KENNINGTON.
An average of 8.83 real estate transactions take place per month in KENNINGTON which translates to 106 per annum.
106 properties were sold in KENNINGTON in 2016, making it the 760th most active market in VIC based on total real estate transactions.
KENNINGTON, 3550 places 54th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $541,000 | $352,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.41% | 3.14% |
| Median 12 month | 26.7% | -0.54% |
| Median 3 years | 45.82% | 51.4% |
| Median 5 years | 52.46% | 100% |
| 10 years average annual | 6.29% | 22.35% |
| Weekly media advert. rent | $395 | $330 |
| Time on Market | 42.3 days | 33.9 days |
| Gross Rental Yield Percent | 3.8% | 4.88% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
