Located in New South Wales within the Randwick local government area, Kensington is an established suburb (postcode 2033). It is home to about 11,927 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $110K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Chinese.
Median house prices in Kensington stand at $3.7 million, having dropped significantly by 11.5% over the last twelve months. Units have a median price of $1.0 million (+1.6% YoY). The current median weekly rent is $829. This gives a gross rental yield of approximately 1.2%. 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 2,628 incidents per 100,000 population.
On the investment side, Kensington shows a gross rental yield of approximately 1.2%, rated as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 33.5x is considered stretched. House prices have moved -11.5% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.