Kensington Park

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.

Average median house prices in SA have risen as a whole, pulling KENSINGTON PARK, 5068 values up and netting property investors a capital gain of 6.09% for the past year.

Investors saw the median home price rise to $1,725,000.

Profits due to an upward trend in home prices in the suburb averaged 0.39% per annum over a 3-year period.

KENSINGTON PARK now ranks at the 249th 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 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 $780 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 73 days.

In 2016, 32 properties were sold in KENSINGTON PARK during the past year, making it the 213th most active market in SA based on total real estate transactions.

Surburb overview

Kensington Park, located approximately 6 kilometres east of Adelaide’s central business district, is a prestigious and well-established suburb within the City of Burnside. Known for its leafy streets, elegant homes, and proximity to both the city and natural parklands, Kensington Park offers a peaceful and upscale suburban lifestyle. The suburb has a population of around 2,000 residents and is highly sought after by families, professionals, and retirees who appreciate its tranquil environment and convenient location.

The demographic of Kensington Park includes a mix of established families, young professionals, and older adults. Many homes in the suburb are owner-occupied, with housing styles ranging from grand heritage properties and character bungalows to modern architectural homes. The suburb's well-maintained gardens and tree-lined streets contribute to its picturesque appeal. The median age of residents is slightly above the national average, reflecting its attraction to older adults and retirees, while its proximity to excellent schools also draws families.

Public transport in Kensington Park is convenient, with several bus routes providing direct access to Adelaide’s CBD and surrounding suburbs. Kensington Road, a major thoroughfare, offers easy access to the city by car, while also connecting residents to the eastern suburbs and the Adelaide Hills.

Kensington Park offers a variety of local amenities, including nearby shopping precincts such as The Parade in Norwood and Burnside Village. These areas provide supermarkets, cafes, restaurants, and boutique shops, offering residents a wide selection of dining and retail options just a short drive away. The Parade is particularly popular for its vibrant atmosphere and diverse range of eateries and stores.

A standout feature of Kensington Park is its proximity to large green spaces, including Kensington Gardens Reserve and the nearby Hazelwood Park. These parks offer open spaces for walking, picnicking, sports, and other outdoor activities, making them popular with families and fitness enthusiasts. The area's lush greenery and parklands contribute to its reputation as a peaceful, family-friendly suburb.

Educational facilities in and around Kensington Park include highly regarded schools such as Pembroke School, Marryatville High School, and Loreto College, making the area particularly attractive to families with school-aged children. The suburb’s proximity to prestigious private and public schools adds to its appeal for families seeking quality education options.

With its combination of elegant homes, beautiful parks, excellent schools, and proximity to both the city and suburban conveniences, Kensington Park is a highly desirable suburb for a wide range of residents seeking a peaceful, upscale lifestyle within easy reach of Adelaide’s CBD and amenities.

You’re out of free articles for this month
Loading form...