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Kingsbury suburb profile

Kingsbury is a quiet, leafy suburb in Melbourne's northern suburbs that sits beside the La Trobe University campus and pocketed parklands. It is primarily residential, with tree-lined streets of mid-century brick and weatherboard homes, established gardens and a steady stream of newer townhouses filling former backyards. The area attracts a mix of long-term families and students who use the nearby campus, and it offers a small local shopping strip, community reserves and sports ovals for weekend activity. Public buses and nearby train stations provide commuter options while larger retail and recreation precincts are close at hand.

Kingsbury property market performance

Current median dwelling price$617,500Past 3 months

Property growth+7.0%Past 12 months

Kingsbury has relatively few recent property sales, so there isn't enough data to publish a reliable median price for houses or units. The figures that are available show house values rose a solid 6.5% over the last 12 months and unit values rose a solid 7.6% over the same period; they moved at a similar pace.

Over the last 3 months eight houses and six units were sold. Houses had a median days on market of 66 over the last 12 months, and units had a median of 57, so they sold in a similar time.

The rental market in Kingsbury saw average house rents of $550 over the last 12 months, up a modest 3.8%, while average unit rents were $460, up a solid 5.7%; overall rents moved at a similar pace over the year.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
6.5%7.6%
Sold
Past 3 months
86
Median days on market
Past 12 months
6657
Average rent
Past 12 months
$550$460
Change in rent
Past 12 months
3.8%5.7%

5 year median price trend for houses and units

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Kingsbury demographics

Kingsbury is a community of 3,460 people. The median age is 34 and the median household income is $1,399 a week, about $72,748 a year.

The family mix is dominated by couples: 40.5% are couple families without children and 38.2% are couple families with children, together accounting for 78.7% of families. One-parent families make up 17.2% and other families 4.1%.

In Kingsbury, owner-occupiers comprise 54.3% of households (31.2% owned outright and 23.1% owned with a mortgage), while 45.7% of homes are rented.

Suburbs near Kingsbury

Some popular suburbs near Kingsbury include:

  • Reservoir: A long-established suburb with spacious parklands and mixed residential areas.
  • Bundoora: Semi-rural feel in parts, with large green corridors and mature housing.
  • Macleod: Quiet, residential suburb with well-kept streets and several local reserves.
  • Preston: A busy, evolving suburb with varied housing and lively community life.
  • Heidelberg Heights: Predominantly residential with tree-lined streets and nearby natural reserves.

How does Kingsbury compare to nearby suburbs?

  • Median house prices: Kingsbury’s median house price is 4.6% lower than Reservoir’s.
  • Median unit prices: Kingsbury’s median unit price is 35.4% lower than Reservoir’s.
  • House price growth: Over the past 12 months, house prices in Kingsbury have grown 1.2% higher than in Reservoir.
  • Unit price growth: Over the past 12 months, unit prices in Kingsbury have grown 5.5% higher than in Reservoir.
  • Selling speed for houses: Properties in nearby Reservoir are selling 31.8% faster than in Kingsbury.
  • Selling speed for units: Properties in nearby Reservoir are selling 52.6% faster than in Kingsbury.
  • Investment considerations: In Kingsbury, the rental yield for house is 13.2% lower than the Melbourne average, while the rental yield for units is 22.0% lower.
  • House price growth: Over the past 12 months, house prices in Kingsbury have grown 16.9% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Kingsbury have grown 27.8% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Kingsbury

Choosing the right real estate agent in Kingsbury can have a big impact on your sale. While there are 42 real estate agents working in the suburb, but just 5 of them were responsible for 38.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.54% to 2.94%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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