Suburb Profile Report for Kensington SA (5068)

Kensington House: Median price $715,000, Annual capital growth 7.36%, Number of sales 18, Weekly median advertised rent $425

Kensington Unit: Median price $468,000, Annual capital growth 4.66%, Number of sales 29, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Kensington, 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 17.31%.

The five-year average increase in median property values for Kensington,5068 has given property investors a potential capital gain of 16.24% across each of those five years.

Vendor discounting in Kensington is giving property investors an average Vendor Discount of around -15.56%. This puts suburb at number 3rd in SA when ranking the most discounted suburbs.

At number 1176 in a list of fastest selling suburbs, Kensington is in the TOP 40% of suburbs in Australia with an average of days on market 66.36 for properties listed there.

Kensington is 355th on a list of best yielding suburbs for rents in SA with a 3.09% return

Investment property in Kensington has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.00%

Across a shorter period, Kensington, 5068 has seen a median price increase of -7.87% over the last quarter.

Kensington5068 is located in SA which offers an average discount of -6.44% to property investors. Kensington itself is showing figures that indicate -6.00% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 3.78%

Information supplied by:




M
O

W
E
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 $468,000
-3.05% -7.87%
17.31% 4.00%
7.36% 4.66%
$425 $340
18 29
3.09% 3.78%
66.36 50.15

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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
Chart Table
Recent sales & rentals