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Kinglake, VIC 3763

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 Kinglake, VIC 3763 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 “Kinglake, VIC 3763”

  1. The total adult population (15 years or older) of Kinglake 3763 VIC is 1,378, with a median age of 43. Of those, 44.12% are married, 13.93% are divorced or separated, 38.82% are single and 2.76% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,340. The median monthly mortgage repayment for households in this suburb is $1,733 which is 20.78% of their earnings.

    Source: ABS Census Data (2021)

  2. Suburb of Kinglake, postcode 3763, is nestled within the heart of Victoria and is home to approximately 903 households. As we head deeper into Q3 of 2023, the property landscape of Kinglake is one that is certain of its standing. Typical prices for houses in the suburb stand at an impressive $901,800, with a median weekly rent hovering around $395. This brings the indicative yield to a modest 2.28%, a figure that while reasonable, falls below the attractive market minimum of 3% for cashflow-centred property investors.

    Kinglake boasts an encouraging IRSAD score of 986 out of 1217, suggesting that the residents enjoy a fairly decent socio-economic status. Living here appears to be a popular choice, as evidenced by the low renter to owner ratio of 5%, making this area a potentially favourable investment ground with potentially less competition. Investors also have little cause for concern in terms of oversaturation, signalled by a low units to houses ratio of merely 1%.

    However, one area that may deter some potential buyers is the affordability index of 43 years, indicating that residents may take over the typical mortgage period to fully own a property in Kinglake based on current local market trends. That said, supply signals are promising, with a minimal stock on market Percentage of 0.11% for houses and an inventory level indicating a fast-moving market at 0.55 months. The building approvals Ratio, sitting at 0.66%, forecasts a limited influx of new housing stock.

    The average time on the market for houses is relatively high at 163 days, indicating some level of demand, albeit lower than preferred. Similarly, the buy search index sits at 3, indicating some interest but a possible need for growth. The combined vacancy rate of houses and units at 2.17% sits in the middle-range, reinforcing the picture of a somewhat neutral demand landscape.

    It’s crucial therefore for those considering a slice of the Kinglake property market to tread with an informed balance of opportunities and risks in view. Kinglake presents an interesting case, with some promising indicators offset by less ideal factors such as a somewhat slower market and heightened affordability issue. As always, investors are advised to carefully analyse a variety of metrics and market trends before committing to any investment.

    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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