Suburb Profile Report for Kensington NSW (2033)

Kensington House: Median price $2,510,000, Annual capital growth 7.53%, Number of sales 56, Weekly median advertised rent $1,050

Kensington Unit: Median price $842,000, Annual capital growth 7.70%, Number of sales 196, Weekly median advertised rent $595

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%.

YIP MAG Information supplied by:

YIP MAG
August 2015

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Kensington is just 6km from both the CBD and Bondi Beach and is surrounded by parkland, universities and sporting arenasFull summary Located 6km south-east of the Sydney CBD and a similar distance south-west of Bondi Beach, Kensington is home to the University of South Wales, the National Institute of Dramatic Art and the Australian Golf Club, as well as being right next door to the Randwick Racecourse and minutes from Centennial Park.

Residents are typically in their twenties and relatively affluent.

It’s also a multicultural area, with around 56% of residents born in Australia; other residents typically come from the UK, Indonesia, New Zealand and China.

The number of stock currently up for sale rose 4% during the past 12 months, however, there’s no indication of an oversupply as demand continues to run hot.

Good areas to buy in include the streets near to the university for the student rental market, as well as the northern end of the suburb near Centennial Park.

The streets around Anzac Parade are popular too, especially for bus access to the CBD, but it is probably worth staying off the Parade itself.Close
Metrics i HOUSE UNIT
$2,510,000 $842,000
7.96% 3.82%
18.96% 7.95%
7.53% 7.70%
$1,050 $595
56 196
2.18% 3.67%
49.1 44.15

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 12776
Median household income ($/weekly) 1498
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 2.4
  • Census Count Percent(%)
    15-19 years 1238 9.7
    20-24 years 2768 21.7
    25-34 years 2735 21.4
    35-44 years 1478 11.6
    45-54 years 1127 8.8
    Others 3431 26.9
    Age Group
    Census Count Percent(%)
    Not Married 4244 52.8
    Registered Married 3025 37.7
    Defacto Relationship 765 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5838 49.5
    Croatia 1009 8.6
    India 400 3.4
    Malta 388 3.3
    Other 1155 9.8
    Others 3007 25.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 753 6.6
    Christianity 6073 53.3
    Islam 489 4.3
    Judaism 413 3.6
    No Religion 3362 29.5
    Others 304 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 288 7.9
    $1,250-$1,499 279 7.7
    $1,500-$1,999 447 12.3
    $2,000-$2,499 326 9.0
    $2,500-$2,999 414 11.4
    Others 1874 51.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4251 40.3
    Employed, worked full-time 3609 34.2
    Employed, worked part-time 1812 17.2
    Unemployed, looking for work 571 5.4
    Employed, away from work 310 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 739 12.9
    Professionals 1966 34.3
    Community & personal service workers 618 10.8
    Clerical & administrative workers 845 14.7
    Sales 569 9.9
    Others 995 17.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 509 10.1
    Secondary 380 7.5
    Technical or Further Educational Institution 224 4.4
    University or other Tertiary Institutions 3661 72.7
    Other type of educational institution 134 2.7
    Others 131 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5755 61.0
    Separate house 3058 32.4
    Semi-detached, row or terrace house, townhouse 551 5.8
    House or flat attached to a shop, office 68 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2093 53.4
    Fully owned 987 25.2
    Being purchased 828 21.1
    Other tenure type 15 0.4
    Tenure Type
Census 2011, ABS
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