Kings Park is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3021). With a population of 8,203, the suburb has an established demographic with a median age of 38. Households earn a median income of $64K per year, with an average household size of 2.9 people. The most common occupations are labourers, machinery operators & drivers, technicians & trades. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Kings Park is $616,000, having increased 2.7% over the past year. Units have a median price of $460,000 (+8.2% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,500.
Kings Park is served by 2 schools, including 2 primary. The average ICSEA score is 963, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Kings Park offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($616K/$875K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +2.7% year-on-year.
Kings Park is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3021). With a population of 8,203, the suburb has an established demographic with a median age of 38. Households earn a median income of $64K per year, with an average household size of 2.9 people. The most common occupations are labourers, machinery operators & drivers, technicians & trades. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Kings Park is $616,000, having increased 2.7% over the past year. Units have a median price of $460,000 (+8.2% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,500.
Kings Park is served by 2 schools, including 2 primary. The average ICSEA score is 963, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Kings Park offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($616K/$875K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +2.7% year-on-year.