Located in South Australia within the Norwood Payneham and St Peters local government area, Kensington is a small locality (postcode 5068). It is home to about 1,808 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $70K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 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, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Kensington stand at $1.3 million, having dropped significantly by 14.3% over the last twelve months. The current median weekly rent is $625. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,817.
Kensington is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1102, which is well above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is below average at 3,595 incidents per 100,000 population.
On the investment side, Kensington shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -14.3% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.