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Suburb Insights ยท VIC 3031

Kensington 3031, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Kensington is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 10,745, making it a smaller community. Located 4 km from the Melbourne CBD, Kensington is a middle ring area in Victoria. The median household income is $115,232 AUD per year (ABS 2021 Census).

Investment Score

88 / 100 Strong

Kensington benefits from a high-income resident base, supporting premium property pricing. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Kensington, Victoria, Australia.

Key Indicators

Postcode
3031

Official Australia Post postcode for Kensington. A postcode may cover multiple suburbs.

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Population
10,745

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$416/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$115,232/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
4 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
4

Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,162/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
15% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Kensington's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $416/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,162/month. A median household income of $115,232/year supports premium property values and indicates a well-employed resident base. With only 15% separate houses, Kensington has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Kensington is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Kensington's current market.

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Renovation / Flip

Renovation projects in Kensington can capture the gap between unrenovated and updated property prices.

Risk Factors

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Full Property Analysis

30-year projections for Kensington

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Kensington is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Kensington have options โ€” presenting well-maintained properties is key to minimising vacancy. Confidence in Kensington's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Kensington a good suburb for investment?

Kensington is a middle ring area in Victoria with a population of 10,745. The median rent is $416/week and the median household income is $115,232/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Kensington?

Key demand drivers in Kensington include established amenities and transport access. 15% of dwellings are separate houses. The area has approximately 3 schools and 4 parks nearby.

What is the population of Kensington?

According to the ABS 2021 Census, Kensington has a population of approximately 10,745. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Kensington from the Melbourne CBD?

Kensington is approximately 4 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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