Kensington is located in the Eastern suburbs and only 4.8km from the Sydney CBD.
Kensington is mostly comprised of units Residex reports 64% of all housing is units, only 4% is semi-detached and 23% are houses. 9% is commercial/other. Age mix for the area is 0 to 29 yo 54%, 30 to 49 yo is 24%, 50 & above is 22%.
According to Residex, Kensington experienced market growth of around 34.2% from February 2015 to January 2020. Home buyers are attracted to its superior location to the city and eastern suburbs and investors are attracted for its steady stream of tenants.
Kensington is one of the suburbs close to UNSW and serviced by the new Light Rail Line. Not without its charms when it comes to cafes and dining it specialises in all forms of Asian cuisine and a plethora of eateries along Anzac Parade.
Kensington has its own share of great cafes and restaurants specialising in all forms of Asian cuisine. The suburb is also surrounded by world class amenities. The entertainment quarter at fox studios often hosts the touring Cirque Du Soleil shows as well as having a great cinema complex with old world character and charm in Randwick. It's also only a short ride away from Sydney’s world-famous beaches including Bondi!
What Kensington lacks in natural beauty it more than makes up for in health clubs and fitness. The University of New South Wales has a number of great facilities on its campus close by and check out Virgin fitness in nearby Zetland. Kensington is also close to the historic Centennial Park which is ideal for running, walking and cycling.
Kensington has its own public school and is within driving distance of the most prestigious private schools in the country. It is also within walking distance to the University of New South Wales which is one of the highest ranked universities in the world. Kensington is also home to NIDA – the National Institute of Dramatic Art which is the highly sort after schools for budding actors and creative arts.
Price growth in recent years has been good in Kensington for units with prices increasing 25.3% in the five years to now and 43.1% for houses. Residex notes Only 0.35% of properties in the suburb are currently on the market with an average time of 29 days on the market.
Residex notes the median house price now sits at around $2,837,500. Median unit price is $906,000 in Kensington.
Munro Donen is our local expert Buyers Agent in the area. With exceptional local knowledge, Munro is the best buyers advocate to have on your side searching for a property in Kensington, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. If you would like to know the latest median values and statistics for Kensington, call us today on 1300 655 615.
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