Suburb Profile Report for Kensington Grove QLD (4341)

Kensington Grove House: Median price $460,000, Annual capital growth 2.90%, Number of sales 30, Weekly median advertised rent $375

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

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

  • House Report

Investment property in Kensington Grove has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.58%

A 26.03% growth in median value for property investors in Kensington Grove,4341 puts this suburb at number 90th in terms of best performing suburbs in QLD

Vendor discounting in Kensington Grove is giving property investors an average Vendor Discount of around -6.50%. This puts suburb at number 339th in QLD when ranking the most discounted suburbs.

With the median price for a house in Kensington Grove being $460000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.24%

Metrics i HOUSE UNIT
$460,000 N/A
4.55% N/A
13.58% N/A
2.90% N/A
$375 N/A
30 N/A
4.24% N/A
80.36 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1480
Median household income ($/weekly) 1253
Median age of persons 35
Median housing loan repayment ($/monthly) 1777
Average household size 3
  • Census Count Percent(%)
    0-4 years 144 9.7
    5-14 years 284 19.2
    25-34 years 184 12.4
    35-44 years 252 17.0
    45-54 years 219 14.8
    Others 397 26.8
    Age Group
    Census Count Percent(%)
    Registered Married 576 60.0
    Not Married 279 29.1
    Defacto Relationship 105 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1169 84.7
    Papua New Guinea 44 3.2
    Philippines 13 0.9
    United Kingdom 92 6.7
    Other 14 1.0
    Others 48 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1000 77.1
    No Religion 282 21.7
    Other Religious Groups 8 0.6
    Buddhism 4 0.3
    Judaism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 10.9
    $800-$999 42 10.4
    $1,000-$1,249 47 11.6
    $1,500-$1,999 62 15.3
    $2,000-$2,499 50 12.3
    Others 160 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 376 38.1
    Not in the labour force 344 34.8
    Employed, worked part-time 177 17.9
    Employed, away from work 50 5.1
    Unemployed, looking for work 41 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 66 10.9
    Technicians & trades workers 122 20.2
    Community & personal service workers 73 12.1
    Clerical & administrative workers 77 12.8
    Labourers 87 14.4
    Others 178 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 26 7.6
    Infants/Primary 190 55.4
    Secondary 80 23.3
    Technical or Further Educational Institution 20 5.8
    University or other Tertiary Institutions 16 4.7
    Others 11 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1405 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 293 62.9
    Fully owned 107 23.0
    Rented 63 13.5
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table