Kingston, 7050 ranked 119th in TAS when comparing growth in median property values or capital gain over the last 12 months. Kingston is one of 606 in our list for TAS
If we look at median property appreciation over just the last three months, Kingston has given property investors a paper return of 0.03%. This puts Suburb as 89 on a list of fastest fasting appreciating suburbs in TAS
Kingston, 7050 is offering TAS ‘s 138th 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.
Kingston has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.85% to date .
Kingston,7050 was ranked 737 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kingston, 7050. Typically our figures indicate that -5.64% is being offered, which puts this TAS suburb at 550th most discounted overall in Australia.
In the last year 71 properties changed hands in Kingston, which puts it as the 3rd most active market in TAS when comparing the number of sales per suburb.
Kingston, 7050’s gross rental yield is 5.40%
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
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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.