Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
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Property investments in KINGSTON fare well against the rest of the country last year, registering a median home price increase of 41.86%.
Based on its average 5-year and quarterly capital gains KINGSTON, 2604 saw average growth in the long term.
Real estate investors could earn a rental income of $565 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 155.2 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $993,000.
KINGSTON ranks 86th on the list of best yielding suburbs for rental properties in ACT, posting a 2.96% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $993,000 | $559,000 |
| GROWTH REPORT | ||
| Median Quarterly | -26.72% | 1.33% |
| Median 12 month | 41.86% | 12.93% |
| Median 3 years | N/A | 15.26% |
| Median 5 years | N/A | 10.71% |
| 10 years average annual | 27.47% | 2.41% |
| Weekly media advert. rent | $565 | $530 |
| Time on Market | 155.2 days | 84.0 days |
| Gross Rental Yield Percent | 2.96% | 4.93% |
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