Kensington, 5068 ranked 68th in SA when comparing growth in median property values or capital gain over the last 12 months. Kensington is one of 853 in our list for SA
A 15.14% growth in median value for property investors in Kensington,5068 puts this suburb at number 221th in terms of best performing suburbs in SA
Over the last year, property investments in Kensington, 5068 have given investors a capital gain of 3.11%. This compares favourably with the 1.05% for SA as a whole.
Comparing Kensington,5068 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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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.
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.