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Suburb Insights · VIC 3221

Kennett River, VIC 3221 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Kennett River is a coastal suburb in Victoria, Australia, with a population of approximately 74, making it a boutique locality. Located approximately 137 km from the Melbourne CBD, Kennett River is a coastal area in Victoria. The median household income is $94,224 per year.

Investment Score

50 / 100 Moderate

Above-average earnings in Kennett River support sustained property values. Coastal lifestyle appeal adds a premium that supports long-term demand.

Location

Melbourne
Kennett River
Victoria · 3221
137 km from Melbourne CBD
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Key Indicators

Postcode
3221

Official Australia Post postcode for Kennett River. A postcode may cover multiple suburbs.

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Population
74

Usual resident population at the most recent census.

Median weekly rent
$320/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$94,224/yr

Annual median household income (before tax) across all households.

Distance to CBD
137 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$1,387/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
15% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Kennett River is a smaller community of 74 — about 1% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. At $94,224/year, household income in Kennett River is within 1% of the Victoria median ($95,160), placing the suburb firmly in the state's mainstream demographic band. Median weekly rent of $320 equates to $1,387/month — about 100% of the median mortgage repayment of $1,387/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Kennett River is 137 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 15% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.

Kennett River vs Victoria Median

How Kennett River stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Kennett River sits above the state median; negative means below.

MetricKennett RiverVIC medianΔ vs state
Population747,416-99%
Median household income$94,224/yr$95,160/yr-1%
Median rent (weekly)$320$380-16%
Median mortgage (monthly)$1,387$1,950-29%
Distance to CBD137 km32 km+328%
Separate houses15%78%-63pp

Investor Checklist

Pre-inspection briefing for Kennett River — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 74 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.

Rental Yield

Strong rental coverage: $320/week (~$1,387/month) covers 100% of the $1,387/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.

Renovation / Flip

Only 15% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.

Risk Factors

Run the numbers on a Kennett River property

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30-year projections for Kennett River

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Capital-growth expectations for Kennett River are modest for 2026 — incomes close to the VIC median of $95,160 and a population of 74 suggest gains will lag headline metro markets. Rental coverage runs at ~100% of the typical mortgage ($1,387/month rent vs $1,387/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 50/100 places Kennett River in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.

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Frequently Asked Questions

Is Kennett River a good suburb for investment?

Kennett River scores 50/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 74, median household income of $94,224/year and median weekly rent of $320. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Kennett River?

The main demand drivers in Kennett River are a median household income of $94,224/year, a dwelling mix that is 15% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Kennett River?

Kennett River has a usual resident population of approximately 74, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Kennett River from the Melbourne CBD?

Kennett River sits 137 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Kennett River?

The most recent census recorded a median weekly rent of $320 in Kennett River, equating to approximately $16,640/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Kennett River?

The median monthly mortgage repayment in Kennett River is $1,387, or approximately $16,644/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Kennett River cash-flow positive for investors?

A median weekly rent of $320 works out to $1,387/month, covering 100% of the median mortgage repayment of $1,387/month. That means rent exceeds the median repayment by roughly $-0/month, so on these numbers Kennett River leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Kennett River?

The main risks are a thin buyer pool (74 residents), interest-rate sensitivity on the $1,387 median mortgage, a unit-heavy dwelling mix (15% houses) where body-corporate costs and apartment supply affect resale, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Kennett River profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

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