kooyong

3144, Victoria

Real Estate & Property Information

Median
Price Rank
10

kooyong Suburb Profile & Review

Kooyong is nestled between Toorak, Malvern and Hawthorn. There is a small shopping village along Glenferrie Road near the station, which includes a post office, a newsagent, a physiotherapist and a chemist. There are also a few reputable cafes and restaurants in the suburb, including Koots, Cibo Bakehouse and Cumin Thai.

The area is distinguished for housing some of Melbourne's largest and most elegant properties along quiet tree-lined streets.

Trains run from Kooyong Station on the Glen Waverley line. Tram route 16 also runs through the suburb along Glenferrie Road.

kooyong Demographic Data

$ 1,510,500 Median House Price

13 Minutes Average Commute

41 Median Age

803 Population

49.19 % Female

50.81 % Male

206 NO OF FAMILIES

2.1 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 kooyong, Victoria.

Learn more about data
X

kooyong 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.

kooyong Median House Prices

  • 2008 $ 1,275,000
  • 2009 $ 1,210,000
  • 2010 $ 1,438,890
  • 2011 $ 2,358,000
  • 2012 $ 1,510,500

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.

Learn more about data
X

kooyong 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 kooyong 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 kooyong property price predictions.

kooyong Market Property Types

  • 52 % Seperate House
  • 23 % Semi Detached
  • 24 % Flat or Unit
  • 1 % 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.

Learn more about data
X

kooyong 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.

kooyong Income & Mortgage Stats

  • $ 2,340 Median Weekly Household Income
  • $ 3,500 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 kooyong

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.

Learn more about data
X

kooyong 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.

kooyong Sold Property Prices

kooyong 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.

kooyong Related Local Blog Posts

All About Montana Mail Purchase By Charity Phillips

All About Montana Mail Purchase By Charity Phillips Learn About The Journeys Of Four Women That Go Out To Your Montana Frontier Looking For Love In This Number Of Sweet Historical Romances Book 1: Montana Mail Order Bride Madeline: It’s 1882, and after working being a nanny for a family group in Providence for more

The explanations why Most people Is Chatting About Essay Examples without charge… The straightforward Actuality Identified

Very best Essay Examples without spending a dime Tips! To be ready to attract on the graph you really should understand the characteristics of those items being in comparison. The difficulty with newspapers attained by means of an on-line search terms lookup is always that there is not any way. In fact, if you should

The explanations why Most people Is Speaking About Essay Examples without spending a dime… The straightforward Relatively easy actuality Unveiled

Higher Essay Examples at no cost Methods! To have the ability to attract over a graph it’s best to understand the attributes of those important things to get in comparison. The problem with newspapers attained via an on-line keywords and phrases look for is the fact there is not any way. Actually, in case you

If You Read Nothing Else Today, Read This Report on Professional Dissertation Writers

The New Angle On Professional Dissertation Writers Just Released Writing a dissertation isn’t a sheet of cake. A dissertation check my blog is regarded to be of absolute quality when it’s authentic. Thus, a dissertation ought to be ideal if you wish to enhance your final mark and impress everyone around you. The dissertation isn’t

The Secret Truth About Expository Essay Topics Uncovered

Your essay must impress your professors and professors, so be certain to take their interests into consideration when you decide on a topic. Expository essays might also be personal. They can also be composed about concentrated subjects like explaining how Indian elephants have adapted to changes in the environment or the effects of pollution on

The Basic Facts of Essay Corrector

A Startling Fact about Essay Corrector Uncovered There are distinct methods of structuring several kinds of essays. http://coloriagesanimaux.com An essay was defined in several of means. Any 500 word essay illustration would affirm an introduction of a quick essay must not comprise any long-term statements or explain the current circumstance. If you’re thinking http://coloriagesanimaux.com that

Local Place Coming Soon

Find out How Much your House is Worth in kooyong

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

Download Free Market Report
Share with friendsX