3031, Victoria

Real Estate & Property Information

Price Rank

kensington Suburb Profile & Review

Kensington bears some resemblance to its London namesake its dense collection of Victorian terrace houses and charming tree-lined streets certainly bring to mind an English streetscape. Located in Melbourne's inner north-west, the area is a hub for young professionals, students, working-class families and recent immigrants. Schools include Kensington Community High School and Kensington Primary School.

On Macaulay Road and Bellair Street you will find a distinctive cluster of shops and eateries. Sit in one of the many charming boutique cafes during Spring Carnival season and watch well-dressed revellers flock to nearby Flemington Racecourse. JJ Holland Park, adjacent to South Kensington Station, is an excellent spot for sports and leisure it boasts three ovals, a BMX track, playgrounds, a swimming pool and a community centre. The Women's Peace Garden on Epsom Road and the area around the Maribyrnong River also provide scenic landscapes for a walk, jog or bike ride. And if it's a night out you're looking for, there is no need to trek into the city as the White Rabbit Record Bar and Tonik Bar both attract music lovers and cocktail connoisseurs.

Kensington, South Kensington and Macaulay stations all service the area. From Kensington Station it is only three stops to the city. Alternatively, tram 57 to West Maribyrnong runs along the northern edge of the suburb, along Racecourse Road.

kensington Demographic Data

$ 650,000 Median House Price

11 Minutes Average Commute

32 Median Age

9,719 Population

51.30 % Female

48.70 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in kensington, Victoria.

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kensington Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

kensington Median House Prices

  • 2008 $ 521,000
  • 2009 $ 518,000
  • 2010 $ 570,000
  • 2011 $ 670,000
  • 2012 $ 650,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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kensington 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in kensington have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term kensington property price predictions.

kensington Market Property Types

  • 28 % Seperate House
  • 42 % Semi Detached
  • 30 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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kensington Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

kensington Income & Mortgage Stats

  • $ 1,720 Median Weekly Household Income
  • $ 2,167 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in kensington

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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kensington Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

kensington Sold Property Prices

kensington Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

kensington Related Local Blog Posts

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

kensington Restaurants

  • Tonik Bar524 Macaulay Rd kensington VIC 303103 9376 9928
  • The Asian Kitchen289 Racecourse Rd kensington VIC 303103 9372 1833
  • Thai by Night170 Bellair St kensington VIC 303103 9372 2844

kensington Cafes

  • Phatty Boombah482 Macauley Rdkensington VIC 303103 9376 5440
  • Couple Cino's190 Bellair Stkensington VIC 303103 9376 8077
  • Cafe Kitcch512 Macauley Rdkensington VIC 303103 9376 5694

kensington Schools

  • Holy Rosary Primary School37 Gower StreetÊkensington VIC 3031(03) 9376 9455Catholic Primary School
  • Kensington Primary SchoolMcCracken Streetkensington VIC 3031(03) 9376 6013 State Primary School
  • Kensington Community College405 Racecourse Rdkensington VIC 3031(03) 9376 1953State Secondary College

kensington Childcare

  • Kensington Child Care Centre8 Wolseley Paradekensington VIC 3031
  • Kensington Community ChildrensCentre, 81B Altona Stkensington VIC 3031

kensington Sporting Centres and Clubs

  • Flemington-Kensingtonkensington VIC 3031Bowling Club
  • Kensington Bankskensington VIC 3031Tennis Club & Courts
  • Kensington Skateboard Parkkensington VIC 3031Skate Park Facility

kensington Retirement Villages

  • Kensington Villagekensington VIC 3031

Find out How Much your House is Worth in kensington

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