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Kensington Park

Suburb Profile

Kensington Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5068

house
unit

KENSINGTON PARK, 5068 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 $945,000.

Profits due to an downward trend in home prices in the suburb averaged -1.05% per annum over a 3-year period.

KENSINGTON PARK now ranks at the 71st 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 PARK are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $540 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 PARK, homes and units usually stay on listing for an average of 72.8 days.

In 2016, 27 properties were sold in KENSINGTON PARK during the past year, making it the 250th most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $945,000 $382,000
GROWTH REPORT
Median Quarterly 6.03% N/A
Median 12 month -0.24% 0.53%
Median 3 years -3.15% -9.8%
Median 5 years 11.83% 2.55%
10 years average annual 3.25% 0.51%
Weekly media advert. rent $540 $325
Time on Market 72.8 days 0.0 days
Gross Rental Yield Percent 2.97% 4.42%
demographics (median values)
Total Population
2497
Weekly Household Income
1160
Household Size
2.40
demographics
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