Located in Victoria within the Darebin local government area, Kingsbury is a compact suburb (postcode 3083). It is home to about 3,460 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $73K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Chinese.
Kingsbury has a median house price of $863,000, which has risen solidly by 8.8% year-on-year. Units have a median price of $532,000 (+5.9% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.3%. 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.
On the investment side, Gross rental yield sits at around 3.3% (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. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.