Are you searching for property for sale in Kensington? Conveniently located in Sydney’s popular Eastern Suburbs, Kensington’s property market is hot. However, finding and securing a property can be challenging. An experienced real estate agent in Kensington is your best option for buying the property of your dreams.
People flock to Kensington because of its convenient location. The suburb is situated just a few kilometres southeast of Sydney’s central business district, West of Randwick Racecourse and directly south of Moore Park. It’s also close to the University of New South Wales (UNSW), the Australian Golf Club and the National Institute of Dramatic Art (NIDA).
Kensington has something for everyone, from heritage-listed homes to excellent restaurants. With a multicultural, young population, there is always something to see and do nearby. If you want to be close to it all but still enjoy the peace of the suburbs, Kensington may just be the right area for you.
Anzac Parade, the main thoroughfare in Kensington, is home to several authentic Asian restaurants. In addition, the busy high street offers plenty of opportunities for shopping, including the well-known Peters of Kensington.
Kensington offers many opportunities to enjoy nature and outdoor activities. The suburb is just a short distance from the Royal Randwick Racecourse and Centennial Park. Golf enthusiasts will love being so close to the exclusive Australian Golf Club.
Residents enjoy access to six local parks. Kensington Park spans 2.8 hectares and is home to a wide variety of birdlife.
Kensington is just a 30-minute walk from Sydney’s coastline if you want to beat the summer heat.
About one-third of Kensington’s population are independent youth. Young adults enjoy the convenience of being close to UNSW and NIDA.
Younger students can attend one of two schools:
- Kensington Public School: A government-funded co-ed school for students in K-6.
- Our Lady of the Sacred Heart College: An independent, Catholic co-ed school for students in K-6.
- Our Lady of the Rosary Catholic Primary School: An independent, Catholic girls’ school for students in 7-12.
There are several kids clubs nearby, making Kensington a family-friendly place to call home.
Kensington is itself a suburb, but it’s also situated near other suburbs in the Eastern Suburbs, including:
- Randwick: 2.7 km
- Daceyville: 3.4 km
- Moore Park: 2.1 km
- Zetland: 2.2 km
- Beaconsfield: 2.4 km
- East Lakes: 3.5 km
- Coogee: 4.4 km
Residents of Kensington NSW are just a short drive or walk from many of the area’s most popular suburbs and all of the amenities they offer.
Kensington is a high-demand property market, and homes are priced accordingly. The suburb’s convenient location attracts many buyers, and supply just cannot keep up with demand.
Over the last six years, Kensington homes have increased in value. In 2014, the median home price was $1,872,500. In 2020, the median price reached $2,600,000.
In 2021, median home prices continue to climb:
- 3-bedroom: $2,540,000
- 4-bedroom: $3,080,000
- Overall: $3,172,500
Units are more affordable. Median prices this year have hit:
- $650,000 for a 1-bedroom
- $882,000 for a 2-bedroom
- $1,490,000 for a 3-bedroom
Many homes and apartments in the area are also up for auction.
Kensington’s property market is in high demand, and competition is fierce. However, a buyer’s agent will give you an edge and increase your chances of successfully purchasing a property in this suburb.
Here’s what a buyer’s agent can do for you:
- Find properties that meet your wants and needs.
- Use comparable sales data to create a written appraisal
- Bid at auctions
- Negotiate property prices and terms
- Handle due diligence, such as engineering reports, building inspections, surveys, etc.
- Oversee pre-settlement inspections, contracts and exchange
Manage the settlement
A buyer’s agent will save you time and make the buying process as stress-free as possible. Along with finding suitable properties, your buyer’s agent will handle the logistics of the inspection and settlement process.
Buyer’s agents also have access to off-market listings and pre-market listings. In high-demand markets, such as Kensington, having access to these properties is invaluable.