Giving property investors a an unimpressive capital gain of 2.38% for the last year, Kingston, 2604 is the 2737th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Kingston comes in at number 1st in ACT.
Kingston is 78th on a list of best yielding suburbs for rents in ACT with a 2.04% return
If you compare the increase in value of investment property in Kingston, 2604 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 0.90%.
Comparing Kingston,2604 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 19th of ACT’s most discounted properties, Kingston is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 225 properties changed hands in Kingston, which puts it as the 1st most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Kingston being $560000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.92%
Information supplied by:
Kingston, ACT – Unit supply is up
Median unit price: $535,000
Stock on market: 65.4%
12-month growth: -3.1%
Home to a locally famous weekend market, the suburb of Kingston is beloved for its local produce. It is one of the oldest suburbs in Canberra.
Kingston began as a suburb for workers and public servants, but it has since become a bustling, modern spot with bars, restaurants and shops. The suburb is divided into the Kingston Shops area and a leafy, open space called Green Square, which is surrounded by cafes and is the ideal place for residents to converge. There are several parks as well, and the suburb is close to the beach.
The Old Bus Depot Markets houses an excellent collection of food, as well as local arts and crafts.