Kensington, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Kensington
VICCensus 2021 · Population 10,744
Kensington, VIC is a suburb with a population of 10,744, characterized by a relatively young median age of 35, compared to the Victorian average of 38. The suburb has a balanced gender distribution with 48.8% males and 51.2% females. A significant portion of the population, 48.2%, consists of couples without children, indicating a preference for a more urban lifestyle. The area is highly educated, with 54.7% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. The median personal weekly income is $1,246, and the median household weekly income is $2,216, both of which are above the state average, reflecting the professional nature of the community.
Key Highlights
- Highly educated population - 54.7% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,216 weekly (vs VIC $1,759)
- Significant work-from-home culture - 46.5% (vs VIC 25.7%)
- Diverse cultural background with 71.5% speaking only English at home
- Renter-heavy suburb with 49.1% renting (vs VIC 28.5%)
Things to Consider
- High percentage of renters may affect community stability
- Limited separate houses - only 17.1% (vs VIC 73.4%)
- Higher median rent at $416 weekly may be a challenge for some
- Unemployment rate slightly below state average at 4.3%
- High percentage of mental health conditions at 11.5%
What's it like living here?
Daily life in Kensington is influenced by its proximity to the city, with a high percentage of residents, 46.5%, working from home, which is almost double the Victorian average. Commuting patterns show that only 22.8% drive a car to work, while public transport usage is at 8.8%. The suburb's housing is predominantly townhouses and apartments, with 53.4% and 29.3% respectively, and a significant portion of the population, 49.1%, are renters.