The K2K Plan to transform Kensington and Anzac Parade corridor
Kensington and Kingsford, two of Sydney's most connected inner-east suburbs, are about to become even more accessible with Randwick City Council's K2K Plan.
The K2K Plan aims to revitalize the Kensington and Kingsford Town Centres, while also enhancing bus services, creating new cycleways, and improving pedestrian infrastructure along Anzac Parade.
The plan will also introduce new public parks and upgraded retail and hospitality venues, boosting local economic activity and making these two suburbs even more desirable places to live.
Several developments are currently underway in the corridor, with Scape and Unilodge bringing student accommodation to the area bordering UNSW.
Renowned builder-developer TOGA is one of the few developers offering new apartments for sale. Their under-construction building, The Kensington, located opposite the Kensington Light Rail stop, will feature 142 apartments above seven new retail and hospitality spaces, just two stops from Moore Park and four stops from Central Station.
TOGA has built a strong reputation for creating well-connected communities with doorstep amenities. They recently completed Wicks Place in Marrickville, which includes four specialty shops, while their Surry Hills Village development is integrated with the thriving hospitality precinct of Wunderlich Lane and Sydney's first Eve Hotel.
TOGA chose to develop in Kensington for the same reasons they chose Surry Hills and Marrickville: excellent public transport connections, doorstep amenity, and a wealth of employment opportunities, particularly in the growing health precinct in neighboring Randwick. This combination of factors, as well as significant higher education institutions nearby, has made The Kensington highly appealing to a diverse range of residents including students, professionals, and young families. Investors, who are rarely seen in today’s new apartment market, have also shown interest, expecting strong rental demand.
With the current low supply of new apartment developments across Sydney, particularly in Kensington, there is a unique opportunity to secure long-term growth in a suburb that is set to continue growing in demand.
Rate changes have already sparked renewed demand in the new apartment sector, with increased confidence that further rate cuts will occur in 2025 and 2026.
The Kensington, being built by 4.5 iCIRT-rated builder DASCO, is scheduled for completion in early 2026, when the official cash rate is expected to be closer to 3.5 per cent rather than above four per cent.
