Kensington WA 6151: Property Market Report & Real Estate Insights

Part of South Perth, WA

Kensington Real Estate Market Outlook

Thinking about buying in Kensington? Now could not be a better time, with 2058 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,236,000 with prices in this suburb ranging from $279,000 to $4,408,000. The approximate distance to the coast is 11 Km.

Living in Kensington

Consistent high demand relative to supply is a key feature in Kensington driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Kensington ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Kensington provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Kensington necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Kensington, a quaint suburb in South Perth, Western Australia, is known for its appealing blend of suburban tranquility and urban accessibility, making it an attractive option for homebuyers. The housing market in Kensington is characterized by a variety of property types, including charming period homes, modern townhouses, and well-appointed family residences. This diversity in housing means that there is potential for a wide array of buyers, from young professionals and families to retirees looking to enjoy the suburb's peaceful ambiance. In recent years, the demand for homes in Kensington has been steady, spurred by its proximity to the Perth CBD, which is just a short drive away, and its well-regarded local schools. Property values have remained stable, reflecting both the suburb's desirability and the broader trends in the Perth housing market, where affordability and lifestyle benefits drive interest.

Living in Kensington offers a pleasant lifestyle characterized by leafy streets, a strong sense of community, and plenty of recreational options. The suburb boasts an array of parks and green spaces, providing ample opportunities for outdoor activities, whether it’s a leisurely walk, a family picnic, or a game of tennis at the local courts. Kensington's close-knit community is enhanced by its community events and active local associations, which deepen neighborhood connections and foster a welcoming environment for newcomers. The suburb is well-served by public transport, making it easy to commute to the city or explore nearby attractions. Furthermore, its proximity to the South Perth foreshore offers residents scenic views and vibrant dining options by the Swan River, ensuring that residents enjoy the best of both suburban living and metropolitan convenience.

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