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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
An assessment of population growth drivers in Kensington reveals an overall ranking slightly below national averages considering recent, and medium term trends
Kensington NSW's population was 14,302 as of Aug 2025. This reflected an increase of 2,493 people since the 2021 Census, which reported a population of 11,809 people. The change was inferred from the ABS estimated resident population of 14,318 in June 2024 and four validated new addresses since the Census date. This resulted in a density ratio of 5,417 persons per square kilometer, placing Kensington among the top 10% of national locations assessed by AreaSearch. Kensington's population growth rate of 21.1% since the 2021 Census exceeded both the state (6.4%) and SA4 region levels, indicating it as a growth leader in the area. Overseas migration contributed approximately 96.1% of overall population gains during recent periods.
AreaSearch's projections for Kensington are based on ABS/Geoscience Australia data released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government SA2 level projections released in 2022 with a base year of 2021 are used. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Considering projected demographic shifts, Kensington is forecasted to experience significant population growth, with an expected increase of 4,422 persons by 2041 based on the latest numbers, representing a total gain of 31.0% over the 17-year period.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in Kensington according to AreaSearch's national comparison of local real estate markets
Kensington has recorded approximately 37 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, around 188 homes were approved, with 0 so far in FY26. Despite population decline in the area, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.
New properties are constructed at an average value of $878,000, indicating a focus on the premium segment by developers. In FY26, there have been $44.9 million in commercial approvals, suggesting strong commercial development momentum. Compared to Greater Sydney, Kensington shows moderately higher development activity, with 13.0% above the regional average per person over the five-year period. This has maintained good buyer choice while supporting existing property values. However, this activity is below average nationally, reflecting the area's maturity and possible planning constraints.
Recent construction comprises 8.0% standalone homes and 92.0% townhouses or apartments, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. The location has approximately 423 people per dwelling approval, indicating an established area. Looking ahead, Kensington is expected to grow by 4,438 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Kensington has very high levels of nearby infrastructure activity, ranking in the top 20% nationally
Local infrastructure changes significantly influence an area's performance. AreaSearch has identified 52 potential impactful projects in total. Key initiatives include Meriton Green Square Epsom Road Development, The Kensington by TOGA, Anson Group Anzac Parade Residential Development, and Ralph Alexandria. Below is a list of those most likely to be relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Green Square Town Centre
Australia's largest urban renewal project spanning 278 hectares across Zetland, Beaconsfield, Waterloo, Alexandria, and Rosebery. Centered around Green Square Station, this transformative precinct will accommodate 61,000 residents and 21,000 workers by 2030. Features over 30,000 new dwellings, mixed-use commercial and retail spaces, community facilities including the award-winning Green Square Library, Gunyama Park Aquatic and Recreation Centre, creative arts centre, and over 40 parks. The development includes sustainable infrastructure such as one of Australia's largest urban stormwater recycling schemes, LED street lighting, self-watering raingardens, and separated cycleways. Ebsworth Street serves as Sydney's first new high street in over a century.
Randwick Health and Innovation Precinct
Australia's largest co-located health precinct with over $1.5 billion investment. Comprises three major projects: Prince of Wales Hospital Acute Services Building ($870M, completed), UNSW Health Translation Hub ($600M, 35,600sqm translational research facility completing late 2025), and Sydney Children's Hospital Stage 1 with Minderoo Children's Comprehensive Cancer Centre ($658M, completing late 2025). Integrates world-class health services, medical research, education facilities, and industry partnerships. Brings together UNSW, four hospitals (Prince of Wales, Sydney Children's, Royal Hospital for Women, Prince of Wales Private), and nine research institutes spanning neuroscience, mental health, cancer and biomedical sciences.
Eastlakes City
Redevelopment of the Eastlakes Shopping Centre into a mixed-use precinct featuring Queensbridge Shopping Centre anchored by Woolworths, six residential towers with approximately 800 apartments, expanded retail facilities, dining precinct, and community amenities including wellness centres and green spaces.
Newmarket Randwick
A comprehensive mixed-use masterplanned community by Cbus Property spanning 5.5 hectares providing 642 residential dwellings, 2,300sqm of retail dining precinct, and integrated public plaza with community facilities at the historic former Inglis Newmarket Stables site. Features multiple architectural collections including Newmarket Residences, Young & Fennelly, Jane St Terraces, and The Chiltern Collection. Stage 1 completed in 2021, Stage 2 under construction with completion due in 2025, Stage 3 under construction started in 2025.
Acacia Apartments
A 257-apartment affordable housing development by City West Housing at 330-332 Botany Road, Alexandria (opposite Green Square Station). All units dedicated to affordable rental housing in perpetuity. Stage 2 DA approved December 2024, now under construction.
UNSW G25 Education Building
An 11-storey, future-focused education building for UNSW Sydney on the current G25 at-grade carpark. The project delivers approx. 20,200 sqm GFA of teaching and learning spaces, large-capacity lecture venues, informal student areas, and upgraded public realm at Gate 11 with new plaza and improved connectivity across the upper campus.
Scape Kensington
A purpose-built student accommodation tower in the KEKI precinct near UNSW and NIDA, offering 308 beds over ~18-20 levels with communal spaces, retail, and a rooftop terrace. Construction by Infinity Constructions is complete, and students are now moving in.
IGLU Student Village UNSW
A $228 million student accommodation complex with 1066 student beds across five buildings (up to 23 storeys) including UNSW university space, ancillary retail, new communal and publicly accessible open space, and basement car parking.
Employment
The employment environment in Kensington shows above-average strength when compared nationally
Kensington NSW has a highly educated workforce with notable representation in the technology sector. Its unemployment rate is 3.4%, lower than Greater Sydney's 4.2%.
In June 2025, employment grew by 2.9% year-on-year, with an estimated 8,737 residents employed and an unemployment rate of 3.6%. The workforce participation rate is similar to Greater Sydney's at 60.0%. Key industries include professional & technical services, health care & social assistance, and education & training, with the latter showing particularly high concentration at 1.5 times the regional average. Conversely, manufacturing shows lower representation at 2.7% compared to the regional average of 5.7%.
The worker-to-resident ratio is 0.8, indicating a level of local employment opportunities above the norm. Between June 2024 and June 2025, employment increased by 2.9%, labour force grew by 2.4%, and unemployment fell by 0.5 percentage points. In Greater Sydney, employment grew by 2.6%, labour force expanded by 2.9%, but unemployment rose by 0.3 percentage points. As of Sep-25, NSW's employment contracted by 0.41% (losing 19,270 jobs), with a state unemployment rate of 4.3%. Nationally, the unemployment rate is 4.5%, and employment grew by 0.26%. Jobs and Skills Australia's national employment forecasts from May 2025 suggest that over five years, national employment will expand by 6.6% and by 13.7% over ten years. Applying these projections to Kensington's employment mix suggests local growth of approximately 7.2%% over five years and 14.4% over ten years.
Frequently Asked Questions - Employment
Income
The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis
According to AreaSearch's aggregation of the latest postcode level ATO data released on 1 July 2022 for financial year 2022, Kensington had a median income among taxpayers of $57,559 with the average level standing at $88,129. These figures are among the highest in Australia and compare to levels of $56,994 and $80,856 across Greater Sydney respectively. Based on Wage Price Index growth of 10.6% since financial year 2022, current estimates would be approximately $63,660 (median) and $97,471 (average) as of March 2025. From the 2021 Census, household, family and personal incomes in Kensington cluster around the 73rd percentile nationally. Income analysis reveals that 32.2% of individuals earn between $1,500 and $2,999 per week (4,605 individuals), mirroring the region where 30.9% occupy this bracket. The district demonstrates considerable affluence with 32.9% earning over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 19.1% of income, though strong earnings still place disposable income at the 68th percentile nationally. Consequently, the area's SEIFA income ranking places it in the 8th decile.
Frequently Asked Questions - Income
Housing
Kensington features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Kensington's dwelling structure, as per the latest Census, had 20.5% houses and 79.6% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metro's 26.9% houses and 73.1% other dwellings. Home ownership in Kensington stood at 24.6%, with mortgaged dwellings at 19.0% and rented ones at 56.4%. The median monthly mortgage repayment was $2,800, below Sydney metro's average of $3,033. The median weekly rent figure was $500, compared to Sydney metro's $550. Nationally, Kensington's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Kensington features high concentrations of group households and lone person households, with a lower-than-average median household size
Family households constitute 59.7% of all households, including 23.0% couples with children, 27.1% couples without children, and 7.6% single parent families. Non-family households comprise the remaining 40.3%, with lone person households at 30.6% and group households making up 9.7%. The median household size is 2.3 people, which is smaller than the Greater Sydney average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
Kensington shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators
Kensington's educational attainment exceeds national and state averages. 51.0% of residents aged 15+ have university qualifications, compared to 30.4% in Australia and 32.2% in NSW. Bachelor degrees are the most common at 32.0%, followed by postgraduate qualifications (16.4%) and graduate diplomas (2.6%). Vocational pathways account for 19.8%.
Educational participation is high, with 39.2% of residents currently enrolled. This includes 21.9% in tertiary education, 6.3% in primary education, and 4.5% pursuing secondary education. Kensington's four schools have a combined enrollment of 1,570 students as of the latest data. The area has notable socio-educational advantages with an ICSEA score of 1115. Education provision is balanced with three primary schools and one secondary school serving distinct age groups.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Transport analysis shows 40 active stops operating within Kensington. These include lightrail and bus services. There are 25 routes serving these stops, providing a total of 10,236 weekly passenger trips.
Residents have excellent transport accessibility, with an average distance of 120 meters to the nearest stop. Daily service frequency averages 1,462 trips across all routes, which equals approximately 255 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Kensington's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Kensington shows excellent health outcomes, with very low prevalence of common conditions across all ages. Private health cover stands at approximately 64% (9,124 people), higher than Greater Sydney's 70.6%, but below the national average of 55.3%. Mental health issues and asthma are the most common conditions, affecting 7.0% and 6.1% respectively.
A total of 77.2% claim to be free from medical ailments, slightly higher than Greater Sydney's 76.0%. Kensington has a lower proportion of seniors (aged 65+) at 10.7% (1,533 people), compared to Greater Sydney's 15.1%. Seniors' health outcomes align with the general population's profile.
Frequently Asked Questions - Health
Cultural Diversity
Kensington is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Kensington has high cultural diversity, with 41.1% speaking a language other than English at home and 47.7% born overseas. Christianity is the main religion in Kensington, comprising 43.7%. Judaism is overrepresented at 3.6%, compared to Greater Sydney's 4.4%.
In terms of ancestry, Other (16.5%), English (16.0%), and Australian (14.6%) are the top groups. Notably, Russian (1.0% vs regional 1.1%), Spanish (1.0% vs 0.9%), and Greek (4.8% vs 4.0%) are overrepresented in Kensington.
Frequently Asked Questions - Diversity
Age
Kensington hosts a very young demographic, ranking in the bottom 10% of areas nationwide
Kensington's median age is 30 years, which is younger than Greater Sydney's average of 37 and Australia's median of 38. Kensington has a higher proportion of 15-24 year-olds (30.3%) compared to Greater Sydney but fewer 5-14 year-olds (6.3%). This concentration of 15-24 year-olds is significantly higher than the national average of 12.5%. Post-2021 Census data shows that younger residents have reduced Kensington's median age by 2.5 years to 30. The proportion of 15-24 year-olds has increased from 21.3% to 30.3%, while the 45-54 cohort has decreased from 10.3% to 8.4% and the 55-64 group has dropped from 8.5% to 6.7%. Population forecasts for 2041 suggest significant demographic changes in Kensington, with the strongest projected growth in the 25-34 cohort at 32%, adding 981 residents to reach a total of 4,091.