Kensington

Kensington, VIC 3031 is a vibrant suburb with a diverse demographic mix. The population is mainly composed of young adults aged between 20 to 34 years. The suburb has a high proportion of professionals and managers among its residents. The weekly median household income is above average. The residents have various commuting options available, with a significant percentage working from home. The suburb boasts good educational facilities with an ICSEA percentile of 69.0 for government schools. For houses in Kensington, the suburb shows promising signs for property investors. With a high market absorption rate and low vacancy rate, there is a strong demand for housing. The suburb has experienced positive median growth over the years, making it an attractive option for long-term capital growth. Additionally, the room demand-supply ratio indicates potential for rental yield improvement. For units, while there are steady rental returns with a good yield median, the market absorption rate suggests relatively lower demand compared to houses. Kensington, VIC 3031 offers a dynamic living environment with a strong sense of community. The suburb presents a favourable opportunity for property investors interested in houses due to the high demand, growth potential, and room for renovation projects. For those considering units, steady rental returns make it an option for investors seeking rental income. Homebuyers looking for a mix of convenience, amenities, and a youthful neighbourhood will find Kensington to be an appealing choice. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022