Suburb Profile Report for Kensington SA (5068)

Kensington House: Median price $715,000, Annual capital growth 6.21%, Number of sales 20, Weekly median advertised rent $400

Kensington Unit: Median price $489,500, Annual capital growth 5.99%, Number of sales 27, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 441th in the list of Australian suburbs ordered by increase in median house value over the last year, Kensington, 5068 is in the top 20% with a property value increase of 15.51% recorded in median house prices.

While Kensington,5068 ranked number 373th in SA for increase in median house value (annualised) increase, it is ranked 119th over the last 5 years.

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 itself are offering an average vendor discount of -15.56% to real estate investors.

Advertised rents are around the $400 mark per week – giving a return of 2.91% based on the median price in Suburb

SA has seen average median house prices change by 4.44% which means that Kensington, 5068 has done well for property investors by showing a capital gain of 8.78% over the last year

The five-year average increase in median property values for Kensington,5068 has given property investors a potential capital gain of 35.97% across each of those five years.

Kensington, 5068 is offering SA ‘s 117th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 5.99%, investors should hope to achieve an overall return of 3.61%

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Just east of central Adelaide, within a 5km radius of the CBD, Kensington is worth keeping an eye on thanks largely to its excellent growth performance and relative affordability.

Full summary

Just east of central Adelaide, within a 5km radius of the CBD, Kensington is worth keeping an eye on thanks largely to its excellent growth performance and relative affordability.

On the affordability stakes, nearby Kensington Park, Beulah Park and Norwood all have higher median house prices than Kensington’s.

Being that much further out from the CBD than more central Adelaide suburbs, such as Norwood, Kensington’s houses have a price point and block size that appeals to family buyers, notes Toop & Toop’s Simon Veitch. Schools too are a big drawcard.

“It’s further from the city, but it’s close to good schools,” he says. “Certain public school zones are popular in Adelaide, so families come here to get their kids into a good school. There are a couple of good private schools nearby too.”

The suburb offers some desirable and beautiful old character homes, as well as some newer property, he adds, with block sizes reaching 600 to 700m2.

The SLA’s unemployment rate was 3.5% at last count, and renters make up around a quarter of Kensington’s population.

Close
HOUSE UNIT
$715,000 $489,500
-3.05% -3.64%
15.51% 8.78%
6.21% 5.99%
$400 $340
20 27
2.91% 3.61%
66.36 44.13

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Kensington SA
Demographics
Total population 1653
Median household income ($/weekly) 893
Median age of persons 41
Median housing loan repayment ($/monthly) 1820
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 142 8.6
    25-34 years 312 18.9
    35-44 years 218 13.2
    45-54 years 202 12.2
    55-64 years 208 12.6
    Others 572 34.6
    Age Group
    Census Count Percent(%)
    Not Married 785 59.2
    Registered Married 388 29.3
    Defacto Relationship 153 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1092 67.6
    Croatia 57 3.5
    Lebanon 48 3.0
    United Kingdom 128 7.9
    Other 71 4.4
    Others 220 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 3.0
    Christianity 844 55.6
    Hinduism 32 2.1
    Other Religious Groups 21 1.4
    No Religion 564 37.2
    Others 10 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 103 13.4
    $400-$599 90 11.7
    $600-$799 79 10.2
    $1,000-$1,249 63 8.2
    $1,500-$1,999 75 9.7
    Others 361 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 550 38.5
    Employed, worked full-time 497 34.8
    Employed, worked part-time 278 19.5
    Unemployed, looking for work 57 4.0
    Employed, away from work 47 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 89 10.8
    Professionals 333 40.4
    Technicians & trades workers 66 8.0
    Community & personal service workers 78 9.5
    Clerical & administrative workers 116 14.1
    Others 142 17.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 85 21.0
    Secondary 70 17.3
    Technical or Further Educational Institution 42 10.4
    University or other Tertiary Institutions 169 41.8
    Other type of educational institution 25 6.2
    Others 13 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 599 38.9
    Flat, unit or apartment 516 33.5
    Semi-detached, row or terrace house, townhouse 416 27.0
    House or flat attached to a shop, office 8 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 426 51.3
    Being purchased 200 24.1
    Fully owned 183 22.0
    Other tenure type 22 2.6
    Tenure Type
Census 2011, ABS
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