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Kensington, QLD 4670

Home » QLD Real Estate Data » Bundaberg Regional, QLD » Kensington, QLD 4670

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kensington, QLD 4670 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

2BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kensington, QLD 4670”

  1. The total adult population (15 years or older) of Kensington 4670 QLD is 610, with a median age of 47. Of those, 48.03% are married, 16.23% are divorced or separated, 31.64% are single and 4.59% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,688. The median monthly mortgage repayment for households in this suburb is $1,625 which is 28.57% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Kensington in Queensland (postcode 4670), with an estimated 430 households, presents an attractive Australian property market scene as of the third quarter of 2023. The typical house prices in the area stand at $510,272, with a median weekly rent of $301. This pricing situation results in a very inviting indicative yield of over 3%, which is considered appealing for cashflow-centred property investors.

    An IRSAD score of 873 out of 1217 underlines the average socio-economic conditions of Kensington, hinting at moderate financial resources and a fairly high number of skilled professions. Kensington has a pleasing renter to owner ratio of 20%, far below the troubling threshold of 45%, indicating a balanced, healthy property market not over-reliant on rental yields.

    Kensington’s units to houses ratio stands at an enticing 10%, suggesting a market predominantly made up of houses. This is a favourable situation as it reduces rental competition amongst landlords and often attracts families who usually rent for longer periods.

    The affordability index, reflecting how quickly a property can potentially be entirely owned, is at 30 years for houses. This score is within the desirable range which means Kensington doesn’t ring any affordability alarm bells for potential buyers.

    Supply-wise, the stock on market percentage sits at 0.35%, indicating a low supply which traditionally benefits sellers. This is supported by the inventory level for houses in the area being a low 1.71 months, indicating a resilient market that rapidly absorbs new listings.

    The building approvals ratio for houses is slightly above the maximum comfortable level at 3.14%, suggesting a potential influx of new property onto the market. While market dynamics need to be watched closely going forward, this isn’t necessarily detrimental if demand remains high.

    The average number of days houses spend on the market is 51, indicating a bit of a balance between demand and supply. The vacancy rate stands at a manageable 1.16%, leaning towards a positive demand scenario. Finally, the suburb’s buy search index is 3, which is marginally below the average, warranting a close watch for any possible changes in the trend.

    In conclusion, Kensington’s property market in Q3 2023 exhibits a blend of favourable and neutral metrics, overall tilted towards a favourable investment condition. It is recommended for investors to keep an eye on trend changes in demand and supply driven metrics to make informed property investment decisions. Remember, despite individual metrics, the overall health of the property market is often determined by the combined impact of these factors. The built-in RCS (Relative Composite Score) metric by HtAG Analytics is designed to offer automated comprehensive research using over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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