Suburb Profile Report for Kensington SA (5068)

Kensington House: Median price $618,000, Annual capital growth 6.29%, Number of sales 13, Weekly median advertised rent $440

Kensington Unit: Median price $479,000, Annual capital growth 7.53%, Number of sales 23, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -16.20% for the last 12 months, Kensington, 5068 has performed for property investments than its average annual 6.29% property growth over the last 5 years.

Kensington,5068 has offered an average of -16.20% return per annum in house price rises to property investors over the last three years.

In the last year 13 properties changed hands in Kensington, which puts it as the 436th most active market in SA when comparing the number of sales per suburb.

Kensington has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -6.60% to date .

The five-year average increase in median property values for Kensington,5068 has given property investors a potential capital gain of 30.34% across each of those five years.

Situated 4.21km from the CBD, Kensington is one of Norwood Payneham St Peters localities in the postcode 5068.

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Just east of central Adelaide, within a 5km radius of the CBD, Kensington is worth keeping an eye on thanks largely to its excellent growth performance and relative affordability.

Full summary

Just east of central Adelaide, within a 5km radius of the CBD, Kensington is worth keeping an eye on thanks largely to its excellent growth performance and relative affordability.

On the affordability stakes, nearby Kensington Park, Beulah Park and Norwood all have higher median house prices than Kensington’s.

Being that much further out from the CBD than more central Adelaide suburbs, such as Norwood, Kensington’s houses have a price point and block size that appeals to family buyers, notes Toop & Toop’s Simon Veitch. Schools too are a big drawcard.

“It’s further from the city, but it’s close to good schools,” he says. “Certain public school zones are popular in Adelaide, so families come here to get their kids into a good school. There are a couple of good private schools nearby too.”

The suburb offers some desirable and beautiful old character homes, as well as some newer property, he adds, with block sizes reaching 600 to 700m2.

The SLA’s unemployment rate was 3.5% at last count, and renters make up around a quarter of Kensington’s population.

Close
Metrics i HOUSE UNIT
$618,000 $479,000
N/A 1.91%
-16.20% -6.60%
6.29% 7.53%
$440 $340
13 23
3.70% 3.69%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1653
Median household income ($/weekly) 893
Median age of persons 41
Median housing loan repayment ($/monthly) 1820
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 142 8.6
    25-34 years 312 18.9
    35-44 years 218 13.2
    45-54 years 202 12.2
    55-64 years 208 12.6
    Others 572 34.6
    Age Group
    Census Count Percent(%)
    Not Married 785 59.2
    Registered Married 388 29.3
    Defacto Relationship 153 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1092 67.6
    Croatia 57 3.5
    Lebanon 48 3.0
    United Kingdom 128 7.9
    Other 71 4.4
    Others 220 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 3.0
    Christianity 844 55.6
    Hinduism 32 2.1
    Other Religious Groups 21 1.4
    No Religion 564 37.2
    Others 10 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 103 13.4
    $400-$599 90 11.7
    $600-$799 79 10.2
    $1,000-$1,249 63 8.2
    $1,500-$1,999 75 9.7
    Others 361 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 550 38.5
    Employed, worked full-time 497 34.8
    Employed, worked part-time 278 19.5
    Unemployed, looking for work 57 4.0
    Employed, away from work 47 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 89 10.8
    Professionals 333 40.4
    Technicians & trades workers 66 8.0
    Community & personal service workers 78 9.5
    Clerical & administrative workers 116 14.1
    Others 142 17.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 85 21.0
    Secondary 70 17.3
    Technical or Further Educational Institution 42 10.4
    University or other Tertiary Institutions 169 41.8
    Other type of educational institution 25 6.2
    Others 13 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 599 38.9
    Flat, unit or apartment 516 33.5
    Semi-detached, row or terrace house, townhouse 416 27.0
    House or flat attached to a shop, office 8 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 426 51.3
    Being purchased 200 24.1
    Fully owned 183 22.0
    Other tenure type 22 2.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals