Suburb Profile Report for Kingston ACT (2604)

Kingston House: Median price $697,500, Annual capital growth 4.24%, Number of sales 15, Weekly median advertised rent $610

Kingston Unit: Median price $524,000, Annual capital growth 2.56%, Number of sales 163, Weekly median advertised rent $530

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

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Kingston has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 35.44%

In the last year 15 properties changed hands in Kingston, which puts it as the 88th most active market in ACT when comparing the number of sales per suburb.

Property investors should expect to get $610 weekly from the median priced house in this suburb.

Kingston, 2604 ranked 23th in ACT when comparing growth in median property values or capital gain over the last 12 months. Kingston is one of 126 in our list for ACT

A 3.25% growth in median value for property investors in Kingston,2604 puts this suburb at number 7th in terms of best performing suburbs in ACT

Our latest figures would indicate that property sellers in Kingston are currently offering property investors an average price cut of -3.93% below the asking price at the moment.

Kingston, 2604’s gross rental yield is 5.26%

Information supplied by:


June 2018

M
O

W
E

Vacancies tighten considerably

Postcode: 2604

Median unit price: $518,950

Vacancy rate: 3.0%

Three-year growth: -1.2%

Regarded as one of the most populated suburbs in Canberra, the suburb of Kingston had a tough run in March 2017 with a vacancy rate of almost 6%, but a year later, it recovered with the rate dropping to 3%.

In terms of growth, the suburb has been on a bit of a losing streak, with negative growth being recorded since 2015. The median apartment value has fallen to below $520,000 following a drop of 1.9% in the period of March 2017-2018.

Nonetheless, Kingston offers landlords an opportunity to profit off an average rental yield of 5% at an average weekly rent rate of $500. Units are also being sold at an average discount rate of only 4.7%, suggesting that there is reasonable demand.

 

Metrics i HOUSE UNIT
$697,500 $524,000
-3.13% 5.30%
35.44% 2.54%
4.24% 2.56%
$610 $530
15 163
4.55% 5.26%
N/A 88.0366972477064

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 2978
Median household income ($/weekly) 2502
Median age of persons 32
Median housing loan repayment ($/monthly) 2492
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 228 7.7
    25-34 years 1117 37.5
    35-44 years 449 15.1
    45-54 years 349 11.7
    55-64 years 298 10.0
    Others 537 18.0
    Age Group
    Census Count Percent(%)
    Not Married 1181 51.1
    Registered Married 701 30.3
    Defacto Relationship 431 18.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1963 72.8
    Indonesia 39 1.4
    Papua New Guinea 48 1.8
    United Kingdom 197 7.3
    Other 145 5.4
    Others 303 11.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 2.1
    Christianity 1384 53.5
    Hinduism 31 1.2
    Islam 24 0.9
    No Religion 1052 40.7
    Others 41 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 195 15.5
    $2,000-$2,499 128 10.2
    $2,500-$2,999 272 21.6
    $3,000-$3,499 161 12.8
    $4,000 or more 132 10.5
    Others 369 29.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1659 66.1
    Not in the labour force 406 16.2
    Employed, worked part-time 290 11.6
    Employed, away from work 110 4.4
    Unemployed, looking for work 44 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 428 20.7
    Professionals 939 45.5
    Technicians & trades workers 101 4.9
    Community & personal service workers 128 6.2
    Clerical & administrative workers 318 15.4
    Others 149 7.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 74 12.4
    Secondary 66 11.0
    Technical or Further Educational Institution 72 12.0
    University or other Tertiary Institutions 344 57.4
    Other type of educational institution 23 3.8
    Others 20 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2053 78.7
    Semi-detached, row or terrace house, townhouse 290 11.1
    Separate house 265 10.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 883 64.3
    Being purchased 287 20.9
    Fully owned 204 14.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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