Kennington is a medium-sized suburb in Victoria within the Greater Bendigo local government area (postcode 3550). The area has roughly 5,880 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Kennington is $559,000, having eased back by 2.9% over the past year. Units have a median price of $78,000 (-50% YoY). The current median weekly rent is $493. This gives a gross rental yield of approximately 4.6%. 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.
On the investment side, Kennington shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($559K/$875K), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -2.9% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.