Property investors who have had real estate in Kensington, 2033 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.96%
If we look at median property appreciation over just the last three months, Kensington has given property investors a paper return of 7.96%. This puts Suburb as 149 on a list of fastest fasting appreciating suburbs in NSW
Kensington, 2033 is offering NSW ‘s 103th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Using the current median advertised rental of $1050 and the average annual increase in value of a median property of 7.53%, investors should hope to achieve an overall return of 2.18%
If you compare the increase in value of investment property in Kensington, 2033 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.95%.
Over the longer term, Kensington has seen property prices show investors a 32.49% return over the last 3 years. This is worse than over the last 12 months
Kensington, 2033 is offering NSW ‘s 231th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Often selling an investment property can take time, and in Kensington the average time real estate has been on the market is 44.15 days.
A $595 per week rent on the median house gives suburb investors a gross yield of circa 3.67%, without taking into account capital value appreciation, which has been averaging out at 7.70%.