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Investment Property Kensington, VIC, 3031

Suburb Snapshot

Kensington is a suburb in the Melbourne Region of Victoria. Kensington has a population of 10,816 people and 45.19% of its occupants live in rental accommodation. The median listing price for houses is $1,050,000 and this has changed -2.33% over the past year and changed -12.50% over 2 years.

The median rent in Kensington for houses is $695 per week and the median rental yield is 3.44%. Stock on the market for houses/townhouses has changed -27.59% compared to last year and the average time to sell a house/townhouse is 45 days.The median listing price for units is $480,000 and this has changed 1.05% over the past year. The average unit takes 80 days to sell and the median rent for a unit in Kensington is $500 per week, producing a rental yield of 5.41%.

Supply & Demand in Kensington, Melbourne

1.52%

Current vacancy rate


101

Rental stock available


10,816

Population


45.19%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Kensington, Melbourne

  House Townhouses Units
Median listing price $1,050,000 $850,000 $480,000
Median price change - last quarter 0.92% 0.00% 0.00%
Median price change - 1 year -2.33% 6.25% 1.05%
Median price change - 2 years -12.50% -5.56% 6.66%
  House Townhouses Units
Median weekly rent $695 $650 $500
Median yield % 3.44% 3.97% 5.41%
Median rent change - 1 year 6.92% 10.16% 6.38%
  House Units
Previous month sales 9 12
Stock on market previous month 21 54
Stock variance vs. last year -27.59% 80.00%
Average days on market 45 80

Kensington investment property listings

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