Suburb Profile Report for Kensington NSW (2033)

Kensington House: Median price $2,600,000, Annual capital growth 10.42%, Number of sales 27, Weekly median advertised rent $950

Kensington Unit: Median price $792,500, Annual capital growth 4.63%, Number of sales 103, Weekly median advertised rent $590

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a an average capital gain of -3.70% for the last year, Kensington, 2033 is the 2447th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Kensington has given property investors a paper return of -2.35%. This puts Suburb as 996 on a list of fastest fasting appreciating suburbs in NSW

In the last year 27 properties changed hands in Kensington, which puts it as the 880th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Kensington, 2033 is in the Randwick (C) local government area.

If you compare the increase in value of investment property in Kensington, 2033 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -9.22%.

Across a shorter period, Kensington, 2033 has seen a median price increase of 0.00% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Kensington is offering property investors an average of -6.75. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in NSW

With the median price for a house in Kensington being $792500 and the advertised rent reaching $590 the gross rental yield for property investors calculates out to be 3.87%

Information supplied by:




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Median House Price: $2,662,500

Current Yield (houses): 2.0%

Average annual growth (houses): 9.6%

Median Unit Price: $780,000

Current Yield (units): 4.0%

Average annual growth (units): 5.1%

A suburb that benefits strongly from infrastructure projects, Kensington enjoys demand due to the conveniences in and around the area.

“It is best known as the home of the University of NSW but it has lots of lifestyle attractions for families, young professionals and students. It will also benefit from the new light rail connection to the CBD,” says Metropole Property Strategists CEO Michael Yardney.

He sees the top draws as being “well located apartments in its wide tree lined streets, which make great investments.”

Metrics i HOUSE UNIT
$2,600,000 $792,500
-2.35% 0.00%
-3.70% -9.22%
10.42% 4.63%
$950 $590
27 103
1.90% 3.87%
N/A 83.5294117647059

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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