Kensington is an average performer in NSW when comparing median price capital growth over the last year. Kensington gave property investors a average capital gain figure when compared to the rest of the state, with 3.08%.
Kensington,2033 has offered an average of 3.08% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $950 mark per week – giving a return of 1.84% based on the median price in Suburb
Kensington, 2033 ranked 32th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kensington is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Kensington,2033 has racked up an average of 17.69% over the period. This ranks it number 799th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kensington, 2033. Typically our figures indicate that -2.02% is being offered, which puts this NSW suburb at 666th most discounted overall in Australia.
At number 380 in a list of fastest selling suburbs, Kensington is in the TOP 30% of suburbs in Australia with an average of days on market 60.675 for properties listed there.
Information supplied by:
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.”