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City of Melbourne
Kensington

Kensington Property Market
& Suburb Profile

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MEDIAN PRICES IN KENSINGTON

Median house price

(all agencies, last 12 months)$1.1m*

House price change

(all agencies, last 12 months)+4.07%

Median unit price

(all agencies, last 12 months)$460k*

Unit price change

(all agencies, last 12 months)-6.91%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

KENSINGTON PRICE TRACKER

HousesUnits

KENSINGTON SALES OVERVIEW

  • Sold by Auction 67%
  • Sold by Private Sale or Other Method 33%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)31

Auction clearance rate in Kensington

(all agencies, last 12 months)66%

Average held period in Kensington

(proptrack)14 years

KENSINGTON INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$740pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$550pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)3.43%

Average rental yield for Units

(all agencies, last 12 months)5.42%

Kensington total population size

(as at the last census)10,745

Median household size in Kensington

(as at the last census)2.1

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

KENSINGTON PROPERTY TYPES

  • Houses 35%
  • Units 31%
  • Other 34%

OCCUPANCY IN KENSINGTON

  • Owned 49%
  • Rented 49%
  • Other/Not Stated 2%
  • Singles 35%
  • Families 56%
  • Other 9%

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ABOUT KENSINGTON

Kensington is a charming and high-energy inner-city suburb located approximately four kilometres northwest of the Melbourne CBD.

Originally an industrial and livestock heartland, it has evolved into a vibrant residential village with tree-lined streets, and an eclectic mix of Victorian cottages, Edwardian villas, and modern warehouse conversions. The suburb is defined by its strong sense of community, a thriving cafe scene along Macaulay Road and Bellair Street, and its strategic position between the Maribyrnong River and the sprawling parklands of Royal Park.

The lifestyle in Kensington is centered on its boutique commercial strips and a wealth of local green spaces. Social activity is anchored by the Macaulay Road and Bellair Street precincts, where heritage shopfronts house artisanal bakeries, specialty grocers, and community-focused cafes. For recreation, residents frequent the J.J. Holland Park, which offers extensive sports ovals, a popular adventure playground, and a BMX track. The suburb also benefits from its direct proximity to the Maribyrnong River Trail, providing scenic cycling and walking links that connect to the city and the western suburbs. Cultural life is further enriched by the local Kensington Town Hall, a social hub that hosts community markets, events, and various social programs.

Education and community services are cornerstone features of the neighborhood, anchored by established institutions such as Kensington Primary School and Holy Rosary Primary School. The suburb is also home to specialized secondary options like the Kensington Community High School, which is recognized for its inclusive and supportive learning environment. These schools, combined with the parent-managed Kensington Community Children’s Co-operative, foster a strong family-oriented culture. The suburb’s intellectual atmosphere is further supported by its proximity to the university precincts in neighboring Parkville and North Melbourne, making it a premier choice for students and academics.

From a property perspective, Kensington is a resilient and high-demand market with a strong emphasis on heritage preservation. The housing stock is a desirable mix of renovated 19th-century workers' cottages, grander period homes on elevated sites like Wolseley Parade, and contemporary boutique apartment developments. The market is characterized by a high proportion of young professionals and families who value the area's village-style intimacy and elite metropolitan access. With its unique combination of industrial history, world-class new recreation facilities, and serene parklands, Kensington remains one of Melbourne's most aspirational and stable residential destinations.

Education

Holy Rosary School
Kensington Community High School
Kensington Primary School
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KENSINGTON MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025254$792,5004.07%444$645pw4.42%
2024254$788,0004.19%498$610pw4.54%
2023216$761,250-11.51%512$592pw4.20%
2022240$847,1255.16%705$525pw3.88%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025254$792,500+4.07%
2024254$788,000+4.19%
2023216$761,250-11.51%
2022240$847,125+5.16%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025444$645pw4.42%
2024498$610pw4.54%
2023512$592pw4.20%
2022705$525pw3.88%

PROUDLY SERVICING KENSINGTON

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.