Kennington is a mid-sized suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 5,880, the suburb has an established demographic with a median age of 42. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Kennington is $576,000, having declined 5.7% over the past year. Units have a median price of $401,000 (-5.8% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,400.
Kennington is served by 2 schools, including 2 primary. The average ICSEA score is 1028, which is around the national average of 1,000. Public transport access includes 32 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Kennington offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($576K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved -5.7% year-on-year.
Kennington is a mid-sized suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 5,880, the suburb has an established demographic with a median age of 42. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Kennington is $576,000, having declined 5.7% over the past year. Units have a median price of $401,000 (-5.8% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,400.
Kennington is served by 2 schools, including 2 primary. The average ICSEA score is 1028, which is around the national average of 1,000. Public transport access includes 32 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Kennington offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($576K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved -5.7% year-on-year.