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Kingsbury, VIC 3083

Home » VIC Real Estate Data » Darebin City, VIC » Kingsbury, VIC 3083

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 Kingsbury, VIC 3083 located in Melbourne 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 “Kingsbury, VIC 3083”

  1. The total adult population (15 years or older) of Kingsbury 3083 VIC is 3,008, with a median age of 34. Of those, 39.20% are married, 8.78% are divorced or separated, 47.14% are single and 5.19% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,192. The median monthly mortgage repayment for households in this suburb is $1,733 which is 27.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Kingsbury, 3083, is home to approximately 1658 households. In the third quarter of 2023, local property market data reveals that the typical price of houses in the area is $770,044. With a median weekly rent sitting at $420, this produces an estimated indicative yield of about 2.84%, slightly under the minimum market requirement for cashflow-focused property investors.

    Kingsbury flaunts a favourable socio-economic status with an IRSAD score of 972 out of 1217. Despite this, it’s essential to note that the renter to owner ratio is 44%, just shy of the 45% level that can be seen as a questionable investment due to the high proportion of renters potentially impacting the neighbourhood’s appeal. On the brighter side, the units to houses ratio stands at a favourable 27%, where a lower proportion suggests less competition for tenants amongst landlords, helping sustain higher rental yields and extending tenancy periods.

    While the affordability index of Kingsbury reveals that it’s set a bit high at 49 years, surpassing the 31-year threshold that usually indicates decreased affordability, property market health indicators glean some positives. The stock on market Percentage for houses is at a favourable low of 0.28%, indicating limited supply. The inventory levels are kept relatively lean as well, with only 0.95 months’ worth, illustrating that the market efficiently absorbs new listings.

    Despite the nonexistent Building Approval Ratio, which indicates a stagnant supply, the property market in Kingsbury has high demand evident by the short eight days on the market for houses. Adding to this is the favourable low vacancy rate of 0.96%, which suggests that the suburb has a high occupancy rate.

    Moreover, the buy search index for houses stood at 4, indicating ‘neutral’ demand, remaining between the preferred threshold of 3 and 6.

    While some metrics may appear unfavourable, it’s important to recognise that overall, Kingsbury presents potential opportunities for property investments given that a considerable majority of other metrics are favourable. A more comprehensive understanding of the property market data in Kingsbury will assist in realising potential profitable opportunities.

    To simplify the above research, one could consider using the RCS (Relative Composite Score) metric developed by HtAG Analytics, which incorporates the analysis of over 80 metrics. Stay vigilant over market developments for rewarding investment decisions.

    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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