Suburb Profile Report for Kensington Park SA (5068)

Kensington Park House: Median price $910,000, Annual capital growth 5.54%, Number of sales 57, Weekly median advertised rent $495

Kensington Park Unit: Median price $433,500, Annual capital growth 7.49%, Number of sales 16, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Kensington Park have tracked just higher than the SA average of 3.24% over the last 12 months.

A 9.64% growth in median value for property investors in Kensington Park,5068 puts this suburb at number 355th in terms of best performing suburbs in SA

LACK OF BUYER INTEREST may well be the reason that Kensington Park is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 164th in terms of most discounted suburbs in SA

Often selling an investment property can take time, and in Kensington Park the average time real estate has been on the market is 51.48 days.

With the median price for a house in Kensington Park being $910000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 2.83%

At number 716th in the list of Australian suburbs ordered by increase in median house value over the last year, Kensington Park, 5068 is in the top half with a property value increase of 4.72% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Kensington Park comes in at number 77th in SA.

In the last year 16 properties changed hands in Kensington Park, which puts it as the 138th most active market in SA when comparing the number of sales per suburb.

Kensington Park is 173th on a list of best yielding suburbs for rents in SA with a 3.72% return

Metrics i HOUSE UNIT
$910,000 $433,500
-1.78% -10.62%
6.36% 4.72%
5.54% 7.49%
$495 $310
57 16
2.83% 3.72%
51.48 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2492
Median household income ($/weekly) 1429
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 319 12.8
    25-34 years 260 10.4
    35-44 years 327 13.1
    45-54 years 370 14.8
    55-64 years 308 12.4
    Others 908 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 922 48.6
    Not Married 826 43.5
    Defacto Relationship 149 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1769 72.2
    Croatia 83 3.4
    Japan 60 2.4
    United Kingdom 164 6.7
    Other 79 3.2
    Others 295 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 3.0
    Christianity 1399 60.2
    Hinduism 24 1.0
    Other Religious Groups 21 0.9
    No Religion 791 34.1
    Others 17 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 83 9.6
    $600-$799 82 9.5
    $1,000-$1,249 72 8.3
    $1,500-$1,999 91 10.5
    $2,500-$2,999 98 11.3
    Others 438 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 742 36.8
    Not in the labour force 661 32.7
    Employed, worked part-time 490 24.3
    Employed, away from work 74 3.7
    Unemployed, looking for work 52 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 205 15.7
    Professionals 482 36.9
    Community & personal service workers 130 10.0
    Clerical & administrative workers 169 13.0
    Sales 136 10.4
    Others 183 14.0
    Occupation
    Census Count Percent(%)
    Pre-school 37 4.7
    Infants/Primary 235 29.9
    Secondary 253 32.2
    Technical or Further Educational Institution 37 4.7
    University or other Tertiary Institutions 201 25.6
    Others 22 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1839 78.4
    Semi-detached, row or terrace house, townhouse 290 12.4
    Flat, unit or apartment 210 9.0
    House or flat attached to a shop, office 6 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 388 40.7
    Being purchased 292 30.6
    Rented 258 27.1
    Other tenure type 15 1.6
    Tenure Type
Census 2011, ABS
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