Suburb Profile Report for Kingston TAS (7050)

Kingston House: Median price $385,000, Annual capital growth 3.80%, Number of sales 152, Weekly median advertised rent $370

Kingston Unit: Median price $315,000, Annual capital growth 2.88%, Number of sales 78, Weekly median advertised rent $304

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 1.99% for the last 12 months, Kingston, 7050 has performed for property investments than its average annual 3.80% property growth over the last 5 years.

A 7.92% growth in median value for property investors in Kingston,7050 puts this suburb at number 89th in terms of best performing suburbs in TAS

Kingston, 7050 is offering TAS ‘s 135th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.

The TAS suburb of Kingston, 7050 is in the Kingborough local government area.

Giving property investors a a solid capital gain of 12.80% for the last year, Kingston, 7050 is the 291th highest performer in Australia in this respect.

Kingston,7050 has offered an average of 12.80% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Kingston is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 18th in TAS when ranking the most discounted suburbs.

With the median price for a house in Kingston being $315000 and the advertised rent reaching $304 the gross rental yield for property investors calculates out to be 5.02%

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Kingston could be well positioned for long-term capital growth, with plenty of large scale infrastructure projects on the cards, including a shopping mall upgrade and a new bypass. Recent demand reflects this and the rental market remains especially tight.Full summary

Kingston is a town of around 10,000 people 10km south of Hobart. Access to the city is via the Southern Outlet Road or the scenic Channel Highway. The town is within easy reach of the Derwent river, with Kingston Beach being a popular destination for dog walking, sailing and other water sports. 

There are a number of schools in the town as well as several shopping centres: one of these, the Channel Court Shopping Centre, is currently undergoing a $23m redevelopment which will make it one of the region’s largest shopping centres. 

The rental market in Kingston is very tight at just 0.85% vacancy rates according to DSRscore.com.au.  Gross rental yield is currently sitting at 4.59% but rental shortage is expected to lift this higher over the near to medium term. 

Rob Zubin, principal of My Property Hunter, reckons Kingston is well-positioned for long-term capital growth. It’s already among the top four performers in the state for capital growth, and further infrastructure development – including a new bypass, sports complex and school upgrades will stimulate further growth and buyer demand, including from retirees. 

He recommends targeting single-level residences with no steps in order to broaden your property appeal to include older tenants and purchasers. 

DSRscore.com.au agrees with this upbeat outlook. Based on the existing demand and supply situation, it calculates house prices to grow by an average 8% each year over the next two to three years.

Close
HOUSE UNIT
$385,000 $315,000
0.00% 3.28%
1.99% 12.80%
3.80% 2.88%
$370 $304
152 78
5.00% 5.02%
76.14 67.26

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 9759
Median household income ($/weekly) 1117
Median age of persons 36
Median housing loan repayment ($/monthly) 1560
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1314 13.5
    25-34 years 1341 13.7
    35-44 years 1242 12.7
    45-54 years 1215 12.4
    55-64 years 1152 11.8
    Others 3496 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 3489 49.5
    Not Married 2849 40.4
    Defacto Relationship 711 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7696 81.8
    New Zealand 137 1.5
    South Africa 102 1.1
    United Kingdom 608 6.5
    Other 272 2.9
    Others 594 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 0.9
    Christianity 5998 67.0
    Islam 43 0.5
    Other Religious Groups 44 0.5
    No Religion 2729 30.5
    Others 53 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 418 12.2
    $600-$799 367 10.7
    $1,000-$1,249 314 9.1
    $1,500-$1,999 488 14.2
    $2,000-$2,499 363 10.6
    Others 1489 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2686 36.1
    Employed, worked full-time 2643 35.6
    Employed, worked part-time 1608 21.6
    Employed, away from work 249 3.4
    Unemployed, looking for work 246 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 538 12.0
    Professionals 980 21.8
    Technicians & trades workers 639 14.2
    Clerical & administrative workers 876 19.5
    Sales 484 10.8
    Others 984 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 105 4.5
    Infants/Primary 952 40.8
    Secondary 607 26.0
    Technical or Further Educational Institution 236 10.1
    University or other Tertiary Institutions 365 15.7
    Others 67 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8007 86.8
    Flat, unit or apartment 692 7.5
    Semi-detached, row or terrace house, townhouse 513 5.6
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1408 38.4
    Fully owned 1182 32.2
    Rented 1055 28.8
    Other tenure type 23 0.6
    Tenure Type
Census 2011, ABS
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