Kingston Beach has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 7.16% to date .
Over the longer term, Kingston Beach has seen property prices show investors a 10.65% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Kingston Beach itself are offering an average vendor discount of -4.44% to real estate investors.
A $382.5 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 4.14%.
Giving property investors a a solid capital gain of 24.44% for the last year, Kingston Beach, 7050 is the 97th highest performer in Australia in this respect.
Advertised rents are around the $300 mark per week – giving a return of 4.04% based on the median price in Suburb