Kensington

Kensington, located just 4 km northwest of Melbourne’s Central Business District, is part of the City of Melbourne. This inner-city suburb is known for its unique blend of residential and industrial areas, charming Victorian terraces, modern apartments, and vibrant community spaces.

Demographic Profile

• Population: 15,004 as per the 2021 census.
• Predominant Age Group: Attracts a diverse range of residents, including young professionals, families, and students, due to its proximity to the city and universities.
• Median Household Income: Reflects the diverse socio-economic background of its residents, generally aligning with the inner-city Melbourne average.
• Occupancy: Features a mix of homeownership and rental properties, with a significant portion of the population living in rental accommodation.

Real Estate and Growth

• Median House Prices: The median house price in Kensington is approximately AUD 1,000,000, showcasing the suburb’s appeal and urban location.
• Median Unit Prices: The average unit price is around AUD 577,000, catering to the suburb’s younger demographic and singles.
• Rental Market: The median rent for houses is about AUD 550 per week, while units are approximately AUD 400 per week, reflecting the suburb’s high demand due to its proximity to the CBD.
• Market Trends: Kensington has experienced steady growth, with property values appreciating due to its desirable location, community atmosphere, and transport accessibility.

Education and Lifestyle

• Schools: Includes several well-regarded schools, such as Kensington Primary School, offering quality education within a close-knit community setting.
• Local Vibe: Known for its eclectic mix of cafes, shops, and green spaces, Kensington offers a vibrant lifestyle with a strong sense of community.
• Community Insights: Residents love the suburb for its convenience, accessibility to the city, and the blend of urban living with a touch of suburbia.

Transportation

• Public Transport: Excellent public transport options, including Kensington and South Kensington train stations, along with multiple bus and tram routes, provide easy access to the CBD and surrounding areas.
• Accessibility: Benefiting from its proximity to major roadways and the city, Kensington offers convenient access for commuters and locals alike.

Notable Features

• Proximity to Melbourne CBD: Just a short distance from the heart of Melbourne, offering easy access to the city’s employment, entertainment, and cultural attractions.
• Recreational Areas: Home to several parks and recreational areas, including JJ Holland Park, providing residents with green spaces for relaxation and leisure activities.

Kensington is a dynamic and diverse suburb that blends historic charm and modern urban living. Its proximity to Melbourne CBD, combined with a strong community vibe and a range of amenities, makes Kensington a highly sought-after location for a broad spectrum of residents.