Henley Beach South vs Kensington Park

The median house price is $1.8M in Henley Beach South and $1.9M in Kensington Park, so Henley Beach South is the cheaper entry point, with Kensington Park houses about 3% dearer.

For units, Henley Beach South sits at a median of $545K against $790K in Kensington Park, which makes Henley Beach South the more affordable unit market and Kensington Park the pricier one.

Over the past year house prices moved +5.2% in Henley Beach South and +4.1% in Kensington Park, so recent momentum favours Henley Beach South, although both suburbs recorded growth.

Looking back three years, Henley Beach South houses are +50.1% and Kensington Park houses +52.6%, so Kensington Park has compounded faster than Henley Beach South over the longer window.

Rental vacancy is 0.9% in Kensington Park and 2.0% in Henley Beach South, so landlords in Kensington Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Henley Beach South is the bigger suburb, with a population of 2,799 against 2,627, larger than Kensington Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Henley Beach South for a lower purchase price, Henley Beach South for recent price momentum, Kensington Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.