Across a shorter period, Kingston, 2604 has seen a median price increase of 33.69% over the last quarter.
Kingston, 2604’s gross rental yield is 2.67%
Property investors who have had real estate in Kingston, 2604 should be pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.86%
Taking the average capital gain, or increase in median house value, Kingston,2604 has racked up an average of 10.86% over the period. This ranks it number 423th in the whole country for real estate investors looking at median house price increases.
At number 23th 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 197 properties changed hands in Kingston, which puts it as the 2nd most active market in ACT when comparing the number of sales per suburb.
Situated 4.37km from the CBD, Kingston is one of Unincorporated ACT localities in the postcode 2604.
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.