Kensington is a well-established suburb in New South Wales within the Randwick local government area (postcode 2033). With a population of 11,927, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $110K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kensington is $2.4 million, having dropped significantly 36% over the past year. Units have a median price of $960,000 (-3.8% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,760.
Kensington is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 3 tram stops, 31 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Kensington offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.8x is considered stretched. House prices have moved -36.0% year-on-year.
Kensington is a well-established suburb in New South Wales within the Randwick local government area (postcode 2033). With a population of 11,927, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $110K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kensington is $2.4 million, having dropped significantly 36% over the past year. Units have a median price of $960,000 (-3.8% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,760.
Kensington is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 3 tram stops, 31 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Kensington offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.8x is considered stretched. House prices have moved -36.0% year-on-year.