Kingston

POSTAL CODE: ACT, 2604

HOUSE

UNIT

Property investments in KINGSTON did not fare well against the rest of the country last year, registering a median home price decrease of 12.31%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

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 $665 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 N/A.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $730,000.

KINGSTON ranks 7th on the list of best yielding suburbs for rental properties in ACT, posting a 4.74% return.

Based on its average 5-year and quarterly capital gains KINGSTON, 2604 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an downward trend in home prices in KINGSTON, 2604 averaged -0.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 5% increase in returns based on the current median price in KINGSTON.

An average of 22.17 real estate transactions take place per month in KINGSTON which translates to 266 per annum.

266 properties were sold in KINGSTON during the past year, making it the 28th most active market in ACT based on total real estate transactions.

KINGSTON, 2604 places 32nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$730,000	$645,000
Growth Report
Median Quarterly	14.96%	0.47%
Median 12 month	12.31%	-4.44%
Median 3 years	-12.05%	-1.83%
Median 5 years	12.96%	13.36%
10 years average annual	9.71%	2.21%
Weekly media advert. rent	$665	$620
Time on Market	N/A	82.1 days
Gross Rental Yield Percent	4.74%	5%

Demographics (Median Values)*

Total Population 10383

Weekly Household Income 2220

Household Size 2.10

Average Age 36

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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