This property is Off Market
With an average age of 45, households expect an average monthly mortgage payment of $1,668 or a weekly rent payment of $350. The average family earns a weekly income of $1,728 with a typical household size of 2.3 and a 98.25% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Kennington due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Kennington provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Kennington to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Kennington we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Kennington a better buying opportunity than it may have been in the past.
(Country of Birth not stated 4%)
East Bendigo - Kennington a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
43 / 100
52 / 100
Industry
13 / 100
17 / 100
Population
22 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
27 / 100
34 / 100
Incidents Trend State Average
Kennington Primary School
Kennington, VIC, 3550 State Prep-6
Doxa School Bendigo
Bendigo, VIC, 3550 Independent 7-12
Creek Street Christian College
Bendigo, VIC, 3550 Independent Prep-10
Spring Gully Primary School
Bendigo, VIC, 3550 State Prep-6
St Joseph's School
Quarry Hill, VIC, 3550 Independent Prep-6
St Kilian's School
Bendigo, VIC, 3550 Independent Prep-6
Victory Christian College
Kennington, VIC, 3550 Independent Prep-12
Quarry Hill Primary School
Quarry Hill, VIC, 3550 State Prep-6
St Therese's School
Kennington, VIC, 3550 Independent Prep-6
Bendigo South East 7-10 Secondary College
Bendigo, VIC, 3550 State 7-10
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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