Thinking about buying in Kennington? Now could not be a better time, with 3770 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $621,000 with prices in this suburb ranging from $187,000 to $2,990,000. The aproximate distance to the coast is 125 Km.

Kennington Real Estate Market Outlook

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.

Houses for sale Kennington

	UNIT 3, 5 MIJUDA CT, KENNINGTON, VIC, 3550	3	1	2	$540,000
	UNIT 3, 48 STERNBERG ST, KENNINGTON, VIC, 3550	2	1	1	$370,000 - $390,000
	UNIT 1, 13 ROSLYN CT, KENNINGTON, VIC, 3550	3	2	2	$920,000 - $980,000
	UNIT 4, 4 CAROLA CT, KENNINGTON, VIC, 3550	2	1	1	$400,000 - $440,000
	149 EDWARDS RD, KENNINGTON, VIC, 3550	3	2	2	$1,190,000 - $1,290,000
	UNIT 5, 1 CURTIN ST, KENNINGTON, VIC, 3550	3	2	1	$430,000 - $470,000
	99 STERNBERG ST, KENNINGTON, VIC, 3550	3	1	2	$600,000
	9 HODGKINSON ST, KENNINGTON, VIC, 3550	2	1	1	$415,000 - $440,000

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General Points of Interest

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