A suburb rich in heritage and home to one of the country’s largest universities, Kensington holds broad appeal thanks to its central location between the city and coast. Now with the light rail in operation, this family friendly gem of a suburb is even more connected than ever with services to the city running every eight minutes. We have two exceptional houses in Kensington on the market that will capture your heart and your imagination.

Kensington is best known for its Federation architecture and as the heart of racing in Sydney. Launched today, 159 Doncaster Avenue, Kensington was built in 1915 and stands as one of the area’s finest examples of Federation craftsmanship reinvented for contemporary family living. The current owner says, “We fell in love with the home’s period features and its rich sense of history. There had only ever been a couple of owners so the architectural details really shone through and we took great care in restoring them as part of the renovation. It’s been a wonderful home to raise a family with a really beautiful garden that’s a joy all year round. Being 15 minutes to the city and beaches is fantastic and the area has a friendly community feel that’s away from the hustle and bustle but so close to great schools and the university and hospital precincts. Kensington Park is just at the end of the street too which is great for walking the dog or watching the cricket.”

Backing onto The Australian Golf Club, 30 Tunstall Avenue, Kensington offers a fantastic opportunity to renovate, recreate or develop on a 613sqm approx landholding opposite OLSH College. The mid century classic is currently configured for dual occupancy but could easily be transformed and concept plans for a duplex development will be available to view at tomorrow’s open inspection from 12.00pm to 12.30pm.

Expats Face Tax Hit With Imminent Changes To CGT Main Residence Exemption
In December 2019, the Federal Government passed legislation to change Capital Gains Tax (CGT) arrangements for expats that will become effective from July 1st 2020. In a nutshell, the new law eliminates the CGT main residence exemption for expats meaning that thousands of Australians could face a hefty CGT tax bill if they sell their property while resident overseas that will date back to the time they purchased the home and not from when they moved overseas. Under the current law, overseas residents who already held property on May 9th 2017 will be able to claim the CGT main residence exemption if they sell prior to the new legislation taking effect.  For further information, visit the ATO website at www.ato.gov.au or contact your accountant to discuss how this could affect you.