Giving property investors a an average capital gain of -1.57% for the last year, Kensington, 2033 is the 2045th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kensington has increased when compared to the 5 year average annual rate.
With the median price for a house in Kensington being $2662500 and the advertised rent reaching $1000 the gross rental yield for property investors calculates out to be 1.95%
Property value increases in Kensington have tracked lower than the NSW average of -3.83% over the last 12 months.
While Kensington,2033 ranked number 397th in NSW for increase in median house value (annualised) increase, it is ranked 426th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.91% offered to property buyers. Sellers in Kensington itself are offering an average vendor discount of -7.98% to real estate investors.
Situated 4.68km from the CBD, Kensington is one of Randwick (C) localities in the postcode 2033.