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Kennington, VIC 3550

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kennington, VIC 3550 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kennington, VIC 3550”

  1. The total adult population (15 years or older) of Kennington 3550 VIC is 5,011, with a median age of 42. Of those, 40.31% are married, 13.43% are divorced or separated, 37.90% are single and 8.52% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,408. The median monthly mortgage repayment for households in this suburb is $1,400 which is 18.90% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Kennington, VIC 3550, is home to an estimated 3,202 households. As of Q3 2023, houses in Kennington are typically priced at $591,483. The median weekly rent stands at $428, leading to an attractive indicative yield of 3.76%. This yield indicates a favourable market for cashflow-centric property investors, hitting above the minimum market requirement of 3%.

    Kennington has a healthy socio-economic score of 981 out of 1217, suggesting a proportionally higher income level and superior access to economic resources in the area. With a renter to owner ratio at 38%, it sits above the recommended threshold of 30%, but well below the questionable 45% mark, fitting into a healthy property market.

    The units to houses ratio is particularly favourable, coming in at just 13%. This low ratio confirms a smaller proportion of units, indicating less competition among landlords, potentially leading to higher rental yields and longer tenancy periods.

    The affordability index of 31 years is significant, showing that typical homeowners would need approximately this time to fully own their property. Although marginally above the 30-year standard, it doesn’t indicate serious affordability issues within the market.

    In looking at the supply metrics, Kennington houses have a stock on market percentage of 0.33%, showing a low supply. Coupled with an inventory level of 1.42 months, these figures suggest the market absorbing new listings swiftly, making it a favourable environment from a supply perspective. The building approvals ratio stands at 0.48%, indicating a manageable level of new dwelling supplies coming into the market.

    On the demand side, the average days on the market for houses is 34, inferring a high demand—the dwellings listed for sale are swooped up reasonably quickly. This is reinforced by a moderate vacancy rate of 2.4%, suggesting a good balance of supply and demand.

    In the context of online activity, Kennington houses have a buy search index of 4, suggesting a neutral level of interest from potential buyers compared to the state or city average.

    Overall, Kennington offers a strong balance of supply and demand, maintained property affordability, and robust socio-economic foundations, making it potentially attractive for property investors and buyers.

    As in any sort of property investment decision, it’s key to keep abreast of the latest data and trends, such as those provided by the RCS metric developed by HtAG Analytics. Being informed allows you to seize potential opportunities for positive returns and capital gains.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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