At number 368th in the list of Australian suburbs ordered by increase in median house value over the last year, Kensington, 2033 is in the top 10% with a property value increase of 20.46% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kensington has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Situated 4.97km from the CBD, Kensington is one of Randwick localities in the postcode 2033.
Kensington is an average performer in NSW when comparing median price capital growth over the last year. Kensington gave property investors a good capital gain figure when compared to the rest of the state, with 11.54%.
When looking at the potential capital gains offered to property investors over the last 3 years, Kensington comes in at number 296th in NSW.
Kensington, 2033 is offering NSW ‘s 337th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Advertised rents are around the $600 mark per week – giving a return of 3.59% based on the median price in Suburb