South Kingsville is a smaller suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 2,156, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $118K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in South Kingsville is $1.1 million, having dropped significantly 14.1% over the past year. Units have a median price of $770,000 (-1.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,313.
Public transport access includes 16 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, South Kingsville offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved -14.1% year-on-year.
South Kingsville is a smaller suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 2,156, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $118K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in South Kingsville is $1.1 million, having dropped significantly 14.1% over the past year. Units have a median price of $770,000 (-1.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,313.
Public transport access includes 16 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, South Kingsville offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved -14.1% year-on-year.