Kinglake

POSTAL CODE: VIC, 3763

HOUSE

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 $742,500.

The downward trend in home prices in KINGLAKE, 3763 averaged -1.4% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in KINGLAKE.

An average of 3 real estate transactions take place per month in KINGLAKE which translates to 36 per annum.

36 properties were sold in KINGLAKE in 2016, making it the 277th most active market in VIC based on total real estate transactions.

KINGLAKE, 3763 places 632nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$742,500	N/A
Growth Report
Median Quarterly	-2.94%	N/A
Median 12 month	-4.19%	N/A
Median 3 years	-4.19%	N/A
Median 5 years	21.72%	N/A
10 years average annual	8.91%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	71.4 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 1536

Weekly Household Income 1353

Household Size 2.50

Average Age 41

Monthly Loan Repayment 1500

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

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