Kingston, 2604 ranked 54th 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
The most recent median price for Kingston is $520000, with sellers offering an average of -2.45% off the asking price.
Kingston is in the TOP 20% in ACT when comparing median price capital growth over the last year. Kingston gave property investors a good capital gain figure when compared to the rest of the state, with 9.12%.
When looking at the potential capital gains offered to property investors over the last 3 years, Kingston comes in at number 43th in ACT.
The most recent median price for Kingston is $526500, with sellers offering an average of -3.68% off the asking price.
Situated 4.36km from the CBD, Kingston is one of Unincorporated ACT localities in the postcode 2604.
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%Full summary
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Vacancies tighten considerably
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.