All About Kennington, Greater Bendigo, VIC, 3550

Kennington, located in Greater Bendigo, VIC, offers a distinctive blend of convenience and suburban tranquility, making it an appealing destination for homeowners and investors alike. The housing market in Kennington has witnessed steady growth over the past years, reflecting its rising desirability. Characterized by a mix of modern houses and charming period homes, the area provides diverse options catering to different tastes and budgets. The presence of essential amenities, coupled with its proximity to the Bendigo city center, enhances its attractiveness, especially for families and professionals seeking a balanced lifestyle. Although real estate prices have seen an upward trend, Kennington remains relatively affordable compared to major metropolitan areas, providing a viable option for first-time buyers and investors aiming for long-term value.

Living in Kennington combines the benefits of a close-knit community with the perks of urban accessibility. The suburb is known for its leafy streets and parks, offering residents ample opportunities for outdoor activities and relaxation. Families appreciate the abundance of quality schools and childcare options, while the nearby shopping centers and local businesses provide convenient solutions for daily needs. Kennington's public transport links ensure easy commutes to Bendigo and surrounding areas, adding to the locale's appeal for city workers. The community vibe is further enriched by local events and a shared appreciation for heritage and culture, making Kennington not just a place to live, but a place to call home.

Kennington Real Estate Market Outlook

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.

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.

Instant Property Valuation

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General Points of Interest

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