All Suburbs

Kensington

NSW 2033LGA: Randwick City

Investment Score

82

/100

AI Intelligence Summary

Kensington is a prestigious inner-eastern suburb located 6km southeast of Sydney CBD, dominated by the University of NSW campus which significantly shapes its character and demographics. The suburb attracts a highly educated, multicultural population with a strong representation of young professionals, academics, and international students. Property is predominantly apartments and townhouses, with limited detached housing stock driving premium prices. The completion of the light rail extension in 2019 has enhanced connectivity, while proximity to Centennial Park, Prince of Wales Hospital, and quality educational facilities adds to its appeal. The rental market is particularly robust due to consistent student demand, though it experiences seasonal fluctuations aligned with university terms. Limited local retail requires residents to venture to nearby Randwick or the CBD for shopping needs. The suburb offers excellent walkability, strong public transport links, and benefits from ongoing UNSW campus redevelopment. Investment prospects remain strong given the stable institutional demand, infrastructure improvements, and prime location, though buyers should be aware of the student-driven rental market dynamics and premium pricing reflecting the suburb's educational and locational advantages.

Strengths

  • Home to UNSW main campus providing stable rental demand
  • Excellent transport connectivity including light rail to CBD
  • Prime location 6km from Sydney CBD with easy access
  • Borders Centennial Park offering extensive recreational space

Opportunities

  • Ongoing UNSW campus redevelopment increasing area appeal
  • Light rail infrastructure enhancing property values
  • Growing international student market post-COVID recovery
  • Cycling infrastructure improvements along Anzac Parade

Considerations

  • Limited local shopping and retail amenities
  • Seasonal rental market fluctuations during university breaks
  • Premium property prices due to prime location
  • Limited housing stock restricting buyer choice

Property Market

Median House

$2.85M

+8.5% 1yr

Median Unit

$1.15M

+6.8% 1yr

Median Townhouse

$1.95M

Rent (House)

$1,750/wk

Rent (Unit)

$650/wk

Days on Market

28

Vacancy Rate

2.1%

Auction Clearance

78.0%

Price Growth

Type1 Year3 Year5 Year
House+8.5%+18.2%+32.4%
Unit+6.8%+15.6%+28.9%

Rental Yields

House Yield

3.2%

Unit Yield

4.8%

Townhouse Yield

3.6%

Investment Scorecard

Overall Investment Score82/100
Growth Potential78/100
Cashflow Score85/100
Risk Score (lower = safer)75/100
Affordability Index45/100

Demand/Supply Ratio: 2.40

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Kensington at median house price

Standard transfer
$139,140
First Home Buyer
$139,140
Foreign buyer surcharge
$228,000

+8% surcharge

Annual rent income
$91,000

$1750/wk

Interest (80% LVR @ 6.5%)
-$148,200
Other expenses (~2.5%)
-$71,250
Net rental position
-$128,450

Negatively geared

Tax benefit (39% MTR)
+$50,096

Reduces taxable income

After-tax holding cost
$78,355/yr

~$1,507/week

Based on 6.5% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$3.90M
Capital gain
$897,692
After discount
$448,846
CGT payable
$175,050

10-Year Hold

Est. value
$5.34M
Capital gain
$2.34M
After discount
$1.17M
CGT payable
$455,601

Investor Quick Summary

Entry cost (stamp duty)

$139,140

After-tax yield

1.95%

Weekly holding cost

$1507/wk

10yr CGT (est.)

$455,601

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

14,500

Median Age

28

Median Income

$68K

per annum

Family Households

38.0%

Professionals

52.0%

University Educated

68.0%

Unemployment

4.2%

Born Overseas

48.0%

Dwelling Mix

Houses: 25%Units: 68%Townhouses: 7%Total: 6,800

Lifestyle & Community

Walkability85/100
Public Transport9/10
Schools Rating8/10
Safety8/10
Family Friendly7/10
Cafes & Restaurants

25

Parks

3

Hospitals

2

Distance to CBD

6.0 km

Nearest Station: Central Station

University-focused lifestyle with access to academic facilities, Centennial Park recreation, and easy CBD connectivity. Limited local nightlife but strong community engagement through university activities.

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Data sourced from multiple sources. Last updated 25 March 2026.

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