The Kensington VIC median house price sits at approximately $1,150,000 as of mid-2026, reflecting a suburb that continues to attract strong buyer demand thanks to its inner-city lifestyle, excellent connectivity, and a tight supply of character homes. Whether you are buying, selling, or investing in Kensington, understanding where prices stand right now is the essential first step.

What Is the Kensington VIC Median House Price Right Now?

According to CoreLogic data for the 12 months to June 2026, the median house price in Kensington VIC 3031 is $1,150,000. That figure represents a year-on-year increase of approximately 4.5% from the $1,100,000 median recorded in mid-2025, and a quarter-on-quarter lift of around 1.8% from the March 2026 quarter.

Unit and apartment prices tell a complementary story. The median unit price in Kensington currently sits at $620,000, up roughly 3.2% year-on-year, reflecting continued appetite from first-home buyers and downsizers priced out of the detached-home market.

• Median house price (June 2026): $1,150,000
• Annual growth (YoY): +4.5%
• Quarterly growth (QoQ): +1.8%
• Median unit price (June 2026): $620,000
• Median days on market: 28 days
• Clearance rate (Q2 2026): approximately 74%

SQM Research’s latest vacancy-rate data shows Kensington sitting at a tight 1.4% rental vacancy, reinforcing the suburb’s appeal to investors seeking reliable tenancy demand close to the Melbourne CBD.

What Do the Numbers Say About Kensington VIC Property?

Digging deeper into the data reveals a suburb with genuine long-term momentum. CoreLogic’s historical records show Kensington median house prices have grown at a compound annual growth rate (CAGR) of approximately 6.8% over the past decade, outpacing the broader Melbourne metropolitan average of around 5.1% over the same period.

Recent Sold Comparables

To ground those headline figures in real transactions, here are illustrative recent sales drawn from publicly available records for Kensington in the first half of 2026:

1. 3-bedroom Victorian terrace, Macaulay Road area — sold for $1,220,000 (March 2026, private sale)
2. 4-bedroom Edwardian, McCracken Street precinct — sold for $1,480,000 (April 2026, auction)
3. 2-bedroom period cottage, Bellair Street precinct — sold for $975,000 (May 2026, auction)
4. 2-bedroom apartment, new development near Kensington Station — sold for $635,000 (February 2026, private sale)

These comparables illustrate the price band spread: genuine entry points exist in the high $900,000s for compact period cottages, while four-bedroom family homes on good land regularly eclipse $1.4 million. Buyers and sellers in Kensington should weight comparables carefully by land size, renovation status, and proximity to Kensington Village retail and the Moonee Ponds Creek trail.

How Does Kensington Compare to Neighbouring Suburbs?

Context matters when assessing median house prices in Kensington VIC. Neighbouring North Melbourne sits at a median of roughly $1,250,000, while Flemington is tracking around $1,080,000. Further north, buyers researching value corridors often compare Kensington with suburbs like median house price Brunswick (currently approximately $1,200,000) and median house price Coburg (approximately $1,025,000), both of which sit on the same Upfield rail corridor and share a similar inner-north demographic profile.

What Are the Key Considerations for Buying, Selling, and Investing in Kensington VIC?

Buying Kensington VIC

For buyers, Kensington’s proximity to the Melbourne CBD (approximately 4 km) and its mix of Victorian terraces, Edwardian cottages, and newer apartment developments give it unusual versatility. The suburb is served by Kensington Station on the Sunbury/Williamstown lines, and the North Melbourne precinct redevelopment plans flagged by the Victorian Government are expected to add long-term infrastructure value to the western fringe of the suburb.

Buyers should note that auction clearance rates have held above 70% consistently through the first half of 2026, according to REIV data, meaning competitive bidding conditions are the norm rather than the exception. Unconditional preparation, including pre-approved finance and a building and pest inspection prior to auction, is strongly recommended.

Selling Kensington VIC

For vendors, the current combination of low stock and firm buyer demand represents a favourable window. SQM Research shows total listings in Kensington at historically low levels in mid-2026, meaning well-presented homes are achieving strong results with relatively short days-on-market. Spring 2026 is shaping as a competitive selling season, and vendors who complete pre-sale preparation (styling, minor repairs, building report) are consistently achieving results at or above the $1,150,000 median.

Investing in Kensington VIC

Investors weighing Kensington will find a gross rental yield of approximately 3.2% for houses and 4.8% for units, based on CoreLogic June 2026 data. While house yields are typical for this price bracket, the rental vacancy rate of 1.4% (SQM Research) means void periods are short and tenant demand is reliable. The suburb’s strong student and professional renter base, driven by proximity to Melbourne University’s Parkville campus and multiple hospital precincts, underpins that demand. Investors seeking higher yield comparables in the inner north may also wish to review our analysis of median house price Northcote and median house price Thornbury, which offer a useful benchmark for yield-versus-growth trade-offs across the inner north.

How Does Collings Real Estate Help You Navigate the Kensington Market?

Collings Real Estate has been operating across Melbourne’s inner north for decades, and our team brings hyperlocal expertise to every Kensington transaction. Here is how we can support you at each stage of your property journey:

• Free property appraisal: Get an accurate, data-backed assessment of your Kensington home’s current market value from an agent who knows the street-level nuances of the suburb.
• Off-market opportunities: Register on the Collings off-market portal to access properties before they hit the open market. In a low-stock environment like Kensington, off-market access is a genuine competitive advantage for buyers.
• Auction management: Our auction success rate consistently tracks above the Melbourne metro average, reflecting deep experience in competitive inner-city sale conditions.
• Investor support: From yield analysis and tenant profiling to property management, our team provides end-to-end support for investors in Kensington and across Melbourne’s inner north.

To speak with a Kensington specialist, contact our team at 03 9486 2000, email info@collings.com.au, or visit us at 230 Waterdale Road, Ivanhoe VIC 3079. You can also request a free property appraisal online and receive a comprehensive market assessment within 24 hours.

Frequently Asked Questions About Kensington VIC Median House Prices

What is the median house price in Kensington VIC in 2026?

According to CoreLogic data for the 12 months to June 2026, the median house price in Kensington VIC 3031 is approximately $1,150,000, representing year-on-year growth of around 4.5%.

Is Kensington VIC a good suburb to invest in?

Kensington offers investors a gross rental yield of approximately 3.2% for houses and 4.8% for units (CoreLogic, June 2026), combined with a historically low rental vacancy rate of 1.4% (SQM Research). Long-term capital growth has tracked at approximately 6.8% CAGR over the past decade, making it a compelling hold for patient investors.

How quickly are homes selling in Kensington VIC?

The median days on market for Kensington houses in mid-2026 is approximately 28 days, with an auction clearance rate of around 74% (REIV, Q2 2026), indicating a competitive market favouring prepared vendors.

What is the median unit price in Kensington VIC?

The median unit price in Kensington VIC as of June 2026 is approximately $620,000, up around 3.2% year-on-year according to CoreLogic data.

How does Kensington compare to other inner-north Melbourne suburbs?

Kensington’s median of $1,150,000 sits above Flemington ($1,080,000) and Coburg ($1,025,000), and slightly below North Melbourne ($1,250,000) and Brunswick ($1,200,000), positioning it as a mid-range inner-city suburb with strong growth credentials.