kingsbury

3083, Victoria

Real Estate & Property Information

Median
Price Rank
276

kingsbury Suburb Profile & Review

Thirty minutes from the Melbourne CBD and mere minutes from Bundoora, Kingsbury is a parkland oasis featuring well-regarded schools and family friendly streets.

The nearest train station can be found in Reservoir, while tram 86 services Kingsbury on its route between Bundoora and the city. The Arch Gibson Reserve provides facilities for lawn bowling and ample space for dog walking and kite flying, while the CW Kirkwood Reserve offers grounds for football and cricket. The Reservoir Leisure Centre, the Reservoir Community Sports Centre and La Trobe University Sports Centre are all available nearby for sports enthusiasts.

Kingsbury is home to two primary schools, Kingsbury Primary School and Our Lady of the Way School, while prominent private secondary schools such as Parade College in Bundoora and St Peters College in Preston are easily accessible for older students. La Trobe University's main campus straddles Bundoora and Kingsbury, and as a result the area has a modest student population.

kingsbury Demographic Data

$ 470,000 Median House Price

28 Minutes Average Commute

32 Median Age

3,362 Population

50.89 % Female

49.11 % Male

844 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in kingsbury, Victoria.

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kingsbury Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

kingsbury Median House Prices

  • 2008 $ 341,000
  • 2009 $ 387,710
  • 2010 $ 423,000
  • 2011 $ 519,000
  • 2012 $ 470,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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kingsbury 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in kingsbury have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term kingsbury property price predictions.

kingsbury Market Property Types

  • 86 % Seperate House
  • 8 % Semi Detached
  • 6 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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kingsbury Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

kingsbury Income & Mortgage Stats

  • $ 891 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in kingsbury

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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kingsbury Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

kingsbury Sold Property Prices

kingsbury Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

kingsbury Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

kingsbury Restaurants

  • Ocean Pacific Take Away Fish & Chips19 Link Stkingsbury VIC 308303 9460 5083
  • La Pizzetta87b Dunne Stkingsbury VIC 308303 9469 3111
  • Asha Indian & Sri Lankan Restaurant937 Plenty Rdkingsbury VIC 308303 9478 4222

kingsbury Cafes

  • Link Street Cafe & Bakery3 Link Streetkingsbury VIC 308303 9460 4032

kingsbury Schools

  • Our Lady of the Way Primary SchoolGreen Avenuekingsbury VIC 3083(03) 9460 6684Catholic Primary School
  • Kingsbury Primary SchoolMaryborough Avenuekingsbury VIC 3083(03) 9462 2711State Primary School

kingsbury Kindergarten and Preschools

  • Maryborough Avenue Kinder14 Maryborough Avenuekingsbury VIC 3083

kingsbury Sporting Centres and Clubs

  • Kingsburykingsbury VIC 3083Bowling Club
  • Reservoir, K.P. Hardiman Reservekingsbury VIC 3083Hockey Club
  • Kingsbury Tennis Clubkingsbury VIC 3083Tennis Club & Courts

Find out How Much your House is Worth in kingsbury

Request a free market Basic Report for kingsbury to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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