Suburb Profile Report for Kingston ACT (2604)

Kingston Unit: Median price $490,000, Annual capital growth 3.82%, Number of sales 184, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Over the last year, property investments in Kingston, 2604 have given investors a capital gain of -14.81%. This compares very badly with the -1.01% for ACT as a whole.

Over the longer term, Kingston has seen property prices show investors a -0.99% return over the last 3 years. This is worse than over the last 12 months

At number 16th of ACT’s most discounted properties, Kingston is in the bottom 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 15.33 sales per month, which equates to 184 per year.

Advertised rents are around the $470 mark per week – giving a return of 4.99% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
May 2016

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A suburb that has defied the effects of unit oversupply is Kingston, a locale with waterfront properties 4km east of the Canberra CBDFull summary A suburb that has defied the effects of unit oversupply is Kingston, a locale with waterfront properties 4km east of the Canberra CBD.

Rejuvenation due to new residential and retail development is quickly transforming Kingston into a sought-after suburb with a dynamic and lively foreshore.

Formerly an industrial zone, the Kingston Foreshore is the newest development within the suburb which, according to the

ACT Land Development Agency, “is well on its way to becoming Canberra’s premiere destination for the arts, culture, tourism and leisure. The overall vision for the Foreshore is to create a mix of retail, commercial, residential and recreational areas while preserving the area’s overall historical significance”.

The numbers confirm Kingston’s potential, with investors seeing a median return of 5.2% for the average unit valued at half a million.

While professionals account for over 45% of Kingston’s residents, according to ABS figures, the suburb still draws families who enjoy the proximity to schools and parks.

While some new apartments can set you back $2m, there are plenty of units just a couple of streets back from the Foreshore in the more affordable range of $400,000 for a two-bedroom, one-bathroom unit.Close
HOUSE UNIT
N/A $490,000
N/A -7.55%
N/A -14.81%
N/A 3.82%
N/A $470
N/A 184
N/A 4.99%
N/A 102.6

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2978
Median household income ($/weekly) 2502
Median age of persons 32
Median housing loan repayment ($/monthly) 2492
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 228 7.7
    25-34 years 1117 37.5
    35-44 years 449 15.1
    45-54 years 349 11.7
    55-64 years 298 10.0
    Others 537 18.0
    Age Group
    Census Count Percent(%)
    Not Married 1181 51.1
    Registered Married 701 30.3
    Defacto Relationship 431 18.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1963 72.8
    Indonesia 39 1.4
    Papua New Guinea 48 1.8
    United Kingdom 197 7.3
    Other 145 5.4
    Others 303 11.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 2.1
    Christianity 1384 53.5
    Hinduism 31 1.2
    Islam 24 0.9
    No Religion 1052 40.7
    Others 41 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 195 15.5
    $2,000-$2,499 128 10.2
    $2,500-$2,999 272 21.6
    $3,000-$3,499 161 12.8
    $4,000 or more 132 10.5
    Others 369 29.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1659 66.1
    Not in the labour force 406 16.2
    Employed, worked part-time 290 11.6
    Employed, away from work 110 4.4
    Unemployed, looking for work 44 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 428 20.7
    Professionals 939 45.5
    Technicians & trades workers 101 4.9
    Community & personal service workers 128 6.2
    Clerical & administrative workers 318 15.4
    Others 149 7.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 74 12.4
    Secondary 66 11.0
    Technical or Further Educational Institution 72 12.0
    University or other Tertiary Institutions 344 57.4
    Other type of educational institution 23 3.8
    Others 20 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2053 78.7
    Semi-detached, row or terrace house, townhouse 290 11.1
    Separate house 265 10.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 883 64.3
    Being purchased 287 20.9
    Fully owned 204 14.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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