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Kensington

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 $3,635,000.

Profits due to an downward trend in home prices in the suburb averaged -3.04% per annum over a 3-year period.

KENSINGTON now ranks at the 929th 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 $1500 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 65.8 days.

In 2016, 43 properties were sold in KENSINGTON during the past year, making it the 488th most active market in NSW based on total real estate transactions.

Surburb overview

Kensington is a vibrant and well-connected suburb located approximately 6 kilometres southeast of the Sydney Central Business District. It is part of the Randwick City Council Local Government Area and is best known for its proximity to the University of New South Wales (UNSW).

According to the most recent Census data, the suburb has a population of around 15,577. The median age of residents is 33, reflecting a young and dynamic demographic. The housing landscape in Kensington features a mix of modern apartment developments, older-style homes, and townhouse complexes, catering to a wide range of lifestyles and preferences.

Public transport in Kensington is excellent. The Sydney Light Rail runs through the suburb along Anzac Parade, providing a direct route to the Sydney CBD, Randwick, and Circular Quay. Numerous bus routes connect Kensington to the suburbs, including Bondi Junction, Maroubra, and Coogee. The suburb’s location along Anzac Parade, a major arterial road, makes it easily accessible by car as well.

One of Kensington’s main draws is its proximity to the University of New South Wales, a major educational institution that attracts students and staff from across Australia and internationally. Anzac Parade is the heart of Kensington’s dining scene, offering a variety of international cuisines reflecting the area’s diverse population.

Centennial Park, one of Sydney’s largest urban green spaces, borders the suburb to the north and offers expansive parklands, walking and cycling paths, and equestrian facilities. The nearby Moore Park Golf Course and the Australian Golf Club provide recreational options for enthusiasts. Kensington Park, located within the suburb, is a popular local spot with playgrounds, sports fields, and picnic areas.

The suburb is also known for its proximity to the Royal Randwick Racecourse, Australia’s most famous horse racing venue. The racecourse hosts significant events throughout the year and adds to the lively atmosphere of the area.

Kensington residents can access local stores along Anzac Parade and larger retail centres near Randwick and Westfield Eastgardens for shopping and essential services. The suburb’s central location also means that some of Sydney’s best beaches, including Coogee and Maroubra, are just a short drive or bus ride away.

Kensington offers a range of educational facilities, including Kensington Public School and several private schools in the surrounding areas. Its proximity to the University of New South Wales makes it particularly attractive to families and professionals seeking quality education.

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