Kennington

Kennington, VIC 3550 is a vibrant suburb with a growing population. The residents enjoy a mix of ages, with good access to public transport options for commuting. There is a diverse range of occupations present, indicating a varied community. For houses in Kennington, the high Sale Price IQR Ratio suggests potential opportunities for renovators. The market absorption rate at 17.6% indicates healthy buyer demand. With a median growth rate of 10.3%, the suburb shows potential for capital appreciation. For units, the high market absorption rate of 100% denotes strong demand. The Sale Price IQR Ratio, although lower than houses, still indicates potential for investment. Kennington, VIC 3550 offers a bustling community with diverse demographics and good public transport options. For property investors, both houses and units present opportunities. Houses may attract renovators due to the high Sale Price IQR Ratio, while units show strong demand with a 100% market absorption rate. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022