With the median price for a house in Kingston being $1130000 and the advertised rent reaching $690 the gross rental yield for property investors calculates out to be 3.18%
Kingston has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -4.85% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingston has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Kingston 2604 should be seeing an average reduction in asking price of around -4.43% . This means that Kingston is holding prices well when compared to other suburbs in ACT.
Residents and property investors in Kingston have been waiting around 104.19 days to sell a property.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 3.82%.