Kingsbury is a smaller suburb in Victoria within the Darebin local government area (postcode 3083). With a population of 3,460, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Kingsbury is $863,000, having grown strongly 8.8% over the past year. Units have a median price of $503,000 (+9.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,733.
Kingsbury is served by 2 schools, including 2 primary. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Kingsbury offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($863K/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +8.8% year-on-year.
Kingsbury is a smaller suburb in Victoria within the Darebin local government area (postcode 3083). With a population of 3,460, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Kingsbury is $863,000, having grown strongly 8.8% over the past year. Units have a median price of $503,000 (+9.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,733.
Kingsbury is served by 2 schools, including 2 primary. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Kingsbury offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($863K/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +8.8% year-on-year.