south kingsville

3015, Victoria

Real Estate & Property Information

Median
Price Rank
162

south kingsville Suburb Profile & Review

South Kingsville is part of a residential triangle bordered by the Princes Highway/Geelong Road, Somerville Road and Williamstown Road. Formerly a part of West Footscray, the suburb was renamed in the late 1990s. It is nestled between Seddon, Yarraville and West Footscray.

Though there are no schools in the suburb itself, Kingsville Primary School is located just over Somerville Road. Corpus Christi Catholic School and the Kingsville Kindergarten can be found across the Princes Highway/Geelong Road, while St Augustine's Primary School is just a short distance down Somerville Road.

It is possible to reach West Footscray Station on foot. From here, it is a brisk fifteen minute journey into the city. Those who prefer to drive will find it only takes twenty minutes to reach the CBD along Dynon Road.

south kingsville Demographic Data

$ 610,000 Median House Price

17 Minutes Average Commute

35 Median Age

1,830 Population

48.36 % Female

51.64 % Male

488 NO OF FAMILIES

1.6 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 south kingsville, Victoria.

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south kingsville 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.

south kingsville Median House Prices

  • 2008 $ 440,000
  • 2009 $ 500,000
  • 2010 $ 508,000
  • 2011 $ 635,500
  • 2012 $ 610,000

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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south kingsville 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 south kingsville 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 south kingsville property price predictions.

south kingsville Market Property Types

  • 44 % Seperate House
  • 31 % Semi Detached
  • 24 % 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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south kingsville 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.

south kingsville Income & Mortgage Stats

  • $ 1,272 Median Weekly Household Income
  • $ 2,000 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 south kingsville

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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south kingsville 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.

south kingsville Sold Property Prices

south kingsville 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.

south kingsville Related Local Blog Posts

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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?

south kingsville Restaurants

  • Motorino29a Vernon Street south kingsville VIC 301503 9399 2121

south kingsville Cafes

  • Pip & Seed23 Vernon St south kingsville VIC 301503 9691 1066

south kingsville Kindergarten and Preschools

  • Bright Steps Educational Childcare & Kindergarten82-84 Blackshaws Rdsouth kingsville VIC 3015
  • South Kingsville Preschool43 Paxton Stsouth kingsville VIC 3015

Find out How Much your House is Worth in south kingsville

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