AREA REPORTS

Kensington

 

 

NSW/
Kensington

Suburb Profile

Kensington - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2033

house
unit

KENSINGTON, 2033 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $2,685,000.

Profits due to an upward trend in home prices in the suburb averaged 12.26% per annum over a 3-year period.

KENSINGTON now ranks at the 571st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in KENSINGTON are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1070 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KENSINGTON, homes and units usually stay on listing for an average of 72.2 days.

In 2016, 58 properties were sold in KENSINGTON during the past year, making it the 293rd most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,685,000 $880,000
GROWTH REPORT
Median Quarterly -0.56% 0.57%
Median 12 month -1.2% -5.12%
Median 3 years 36.78% 10.21%
Median 5 years 81.42% 37.5%
10 years average annual 8.92% 7.71%
Weekly media advert. rent $1070 $600
Time on Market 72.2 days 69.6 days
Gross Rental Yield Percent 2.07% 3.55%
demographics (median values)
Total Population
10845
Weekly Household Income
1170
Household Size
2.40
demographics
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