KENSINGTON, NSW, 2033

Investment property in Kensington has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.67%

Over the longer term, Kensington has seen property prices show investors a 24.07% return over the last 3 years. This is worse than over the last 12 months

Situated 5.14km from the CBD, Kensington is one of Randwick (C) localities in the postcode 2033.

If you compare the increase in value of investment property in Kensington, 2033 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -9.43%.

The five-year average increase in median property values for Kensington,2033 has given property investors a potential capital gain of 11.78% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.80% offered to property buyers. Sellers in Kensington itself are offering an average vendor discount of -8.00% to real estate investors.

Renters in Suburb are facing rents around $30940 per annum or $595 every week.

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Median House Price: $2,662,500

Current Yield (houses): 2.0%

Average annual growth (houses): 9.6%

Median Unit Price: $780,000

Current Yield (units): 4.0%

Average annual growth (units): 5.1%

A suburb that benefits strongly from infrastructure projects, Kensington enjoys demand due to the conveniences in and around the area.

“It is best known as the home of the University of NSW but it has lots of lifestyle attractions for families, young professionals and students. It will also benefit from the new light rail connection to the CBD,” says Metropole Property Strategists CEO Michael Yardney.

He sees the top draws as being “well located apartments in its wide tree lined streets, which make great investments.”