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Kensington, WA 6151

Home » WA Real Estate Data » City of South Perth, WA » Kensington, WA 6151

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, WA 6151 located in Perth 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.

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Yield 

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Buy 

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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, WA 6151”

  1. The total adult population (15 years or older) of Kensington 6151 WA is 3,704, with a median age of 38. Of those, 48.89% are married, 9.72% are divorced or separated, 38.77% are single and 3.00% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $13,348. The median monthly mortgage repayment for households in this suburb is $2,600 which is 19.48% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Kensington postcode 6151, is home to approximately 1882 households. As of Q3 in 2023, the typical prices for houses sit at $1,175,944 while the median weekly rent is $659. These figures result in an indicative yield of 2.91%, slightly below the attractive market requirement of 3% for cashflow-centered investors, indicating moderate investment potential for positive cashflow.

    Kensington scores an impressive 1109 out of 1217 in the socio-economic score (IRSAD), pointing to a high economic status with very good access to economic resources and a population benefitted by high income and skilled professions.

    Renter-to-owner ratio in Kensington stands at 27%, falling in the favourable range. This suggests that a lower risk from high competition with other property investors and longer term market returns characterise this suburb. Further strengthening these favourable indicators is the units to houses ratio that is noted at just 8% – a significantly comfortable proportion that minimises landlords’ competition for tenants.

    One area to be cautious about in Kensington is its affordability index, marked at 34 years, exceeding the standard 30-year mortgage assumption. This indicates lesser affordability in the suburb that could impact both purchase and rental demand.

    In the supply metrics, Kensington presents attractive figures. The stock on market Percentage for houses is a low 0.13% and inventory level for houses being barely half a month at 0.46 signals a low supply situation, which usually leads to price appreciation. building approvals Ratio is a relatively low 0.73%, further adding to the low supply theme.

    On the flip side, the Kensington property market challenges with a high DoM value at 141 days, implying a lower demand. However, this is compensated by an encouraging vacancy rate of 0.97% and a high buy search index at 6, implying high demand, thus holding a potential for price appreciation in the longer term.

    Each real estate market and suburb is uniquely characterised by diverse factors such as socio-economic scores, the balance between supply and demand, rental yield and affordability. Considering these measures in a holistic view rather than in isolation is essential for informed real estate investment decisions.

    Kensington presents a mixed bag of metrics with some being highly favourable for investors, while others suggesting a bit of caution. However, keep in mind that it’s okay to have some metrics in unfavourable ranges if the majority of other metrics are favourable. Tools like the RCS (Relative Composite Score) developed by HtAG Analytics, which uses over 80 metrics, can automate this research providing a more comprehensive insight.

    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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