Suburb Profile Report for Kensington NSW (2033)

Kensington House: Median price $2,748,500, Annual capital growth 9.63%, Number of sales 57, Weekly median advertised rent $995

Kensington Unit: Median price $825,000, Annual capital growth 5.90%, Number of sales 110, Weekly median advertised rent $600

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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With a capital gain of 5.04% for the last 12 months, Kensington, 2033 has performed for property investments than its average annual 9.63% property growth over the last 5 years.

Over the longer term, Kensington has seen property prices show investors a 41.80% return over the last 3 years. This is worse than over the last 12 months

Situated 5.09km from the CBD, Kensington is one of Randwick (C) localities in the postcode 2033.

Giving property investors a an unimpressive capital gain of -7.69% for the last year, Kensington, 2033 is the 1209th highest performer in Australia in this respect.

While Kensington,2033 ranked number 467th in NSW for increase in median house value (annualised) increase, it is ranked 357th over the last 5 years.

The most recent median price for Kensington is $825000, with sellers offering an average of -6.42% off the asking price.

In the last year 110 properties changed hands in Kensington, which puts it as the 113th 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.

Information supplied by:

YIP MAG
August 2015

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Located 6km south-east of the Sydney CBD and a similar distance south-west of Bondi Beach, Kensington is home to the University of South Wales, the National Institute of Dramatic Art and the Australian Golf Club, as well as being right next door to the Randwick Racecourse and minutes from Centennial Park.

Residents are typically in their twenties and relatively affluent.

It’s also a multicultural area, with around 56% of residents born in Australia; other residents typically come from the UK, Indonesia, New Zealand and China.

The number of stock currently up for sale rose 4% during the past 12 months, however, there’s no indication of an oversupply as demand continues to run hot.

Good areas to buy in include the streets near to the university for the student rental market, as well as the northern end of the suburb near Centennial Park.

The streets around Anzac Parade are popular too, especially for bus access to the CBD, but it is probably worth staying off the Parade itself.

Metrics	HOUSE	UNIT
Median price	$2,748,500	$825,000
Quarterly growth	5.62%	-4.38%
12-month growth	5.04%	-7.69%
Average Annual Growth	9.63%	5.90%
Weekly median advertised rent	$995	$600
Number of sales	57	110
Gross rental yield	1.82%	3.71%
Days on market	84.5	67.67742

Your estimated repayment
$11,114.13/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Balanced (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