Kensington vs Parkville
Kensington (median $1,138,300) is roughly 44% cheaper to buy into than Parkville ($2,025,000).
Buying in Kensington or Parkville?
Selling in Kensington? The free selling guide
Kensington and Parkville side by side
| Measure | Kensington | Parkville |
|---|---|---|
| Price and market | ||
| Median house | $1,138,300 | $2,025,000 |
| Median unit | $502,500 | $507,500 |
| Renting | ||
| House rent | $760/wk | $950/wk |
| Unit rent | $560/wk | $670/wk |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1070 | 1082 |
| Lifestyle and people | ||
| Walk score | 100 | 52 |
| Transit score | 20 | 60 |
| Bike score | 100 | 100 |
| Climate | ||
| Annual rainfall | 582 mm | 582 mm |
| Mean max, January | 26.9°C | 26.9°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Kensington scores higher on walkability (100/100 vs 52/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Parkville (1082) sits above Kensington (1070).
- For buyers
- Kensington is the lower entry point at $1,138,300 median, 44% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Kensington offers the higher gross rental yield (3.47% vs 2.44%), favouring cash-flow investors.
- For families
- Parkville edges out on average school ICSEA (1082 vs 1070).
Kensington vs Parkville: common questions
Is Kensington or Parkville cheaper to buy in?
Kensington has the lower median house price at $1,138,300, roughly 44% below Parkville ($2,025,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Kensington or Parkville have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Parkville scores 1082 vs 1070 in Kensington. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Kensington or Parkville?
Kensington scores 100/100 on walkability vs 52/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Kensington or Parkville?
Gross rental yield on houses is 3.47% in Kensington vs 2.44% in Parkville. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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The two suburbs
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