Suburb Profile Report for Kensington NSW (2033)

Kensington House: Median price $2,200,000, Annual capital growth 8.03%, Number of sales 61, Weekly median advertised rent $990

Kensington Unit: Median price $777,000, Annual capital growth 6.99%, Number of sales 154, Weekly median advertised rent $570

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Kensington have tracked higher than the NSW average of 7.15% over the last 12 months.

Comparing Kensington,2033 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Kensington is $2200000, with sellers offering an average of -6.83% off the asking price.

Investment property in Kensington has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.79%

Taking the average capital gain, or increase in median house value, Kensington,2033 has racked up an average of 5.79% over the period. This ranks it number 370th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Kensington 2033 should be seeing an average reduction in asking price of around -12.50% . This means that Kensington is holding prices well when compared to other suburbs in NSW.

With the median price for a house in Kensington being $777000 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 3.81%

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
HOUSE UNIT
$2,200,000 $777,000
1.38% 0.13%
15.73% 5.79%
8.03% 6.99%
$990 $570
61 154
2.34% 3.81%
64.07 46.76

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Kensington NSW
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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