Suburb Profile Report for Kensington Park SA (5068)

Kensington Park House: Median price $900,750, Annual capital growth 5.75%, Number of sales 52, Weekly median advertised rent $495

Kensington Park Unit: Median price $485,000, Annual capital growth 8.66%, Number of sales 17, Weekly median advertised rent $308

  • 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 close to the SA average of 2.82% over the last 12 months.

If we look at median property appreciation over just the last three months, Kensington Park has given property investors a paper return of 9.78%. This puts Suburb as 26 on a list of fastest fasting appreciating suburbs in SA

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Kensington Park itself are offering an average vendor discount of -7.09% to real estate investors.

A $495 per week rent on the median house gives suburb investors a gross yield of circa 2.86%, without taking into account capital value appreciation, which has been averaging out at 5.75%.

If you compare the increase in value of investment property in Kensington Park, 5068 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 17.43%.

Kensington Park,5068 was ranked 50 in Australia by increase in median property value over the quarter.

At number 143th of SA’s most discounted properties, Kensington Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $307.5 mark per week – giving a return of 3.30% based on the median price in Suburb

HOUSE UNIT
$900,750 $485,000
9.78% 14.12%
4.55% 17.43%
5.75% 8.66%
$495 $308
52 17
2.86% 3.30%
43.77 41.5

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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