Kings Beach

POSTAL CODE: QLD, 4551

HOUSE

UNIT

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,145,000.

The downward trend in home prices in KINGS BEACH, 4551 averaged -12.98% per annum over a 3-year period.

Average weekly rents on listings have reached the $665 mark, reflecting a 3.02% increase in returns based on the current median price in KINGS BEACH.

An average of 2.5 real estate transactions take place per month in KINGS BEACH which translates to 30 per annum.

30 properties were sold in KINGS BEACH in 2016, making it the 442nd most active market in QLD based on total real estate transactions.

KINGS BEACH, 4551 places 8th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $850,000.

Average median unit prices in QLD have risen as a whole, pulling KINGS BEACH, 4551 values up and netting property investors a capital gain of 5.1% for the past year.

Investors saw the median home price rise to $850,000.

The upward trend in home prices in KINGS BEACH, 4551 averaged 5.35% per annum over a 3-year period.

KINGS BEACH now ranks at the 239th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $630 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In KINGS BEACH, homes and units usually stay on listing for an average of 39.7 days.

144 properties were sold in KINGS BEACH in 2016, making it the 333rd most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,145,000	$850,000
Growth Report
Median Quarterly	24.86%	2.72%
Median 12 month	18.35%	5.1%
Median 3 years	-38.93%	16.04%
Median 5 years	0%	73.47%
10 years average annual	0%	8.7%
Weekly media advert. rent	$665	$630
Time on Market	71.6 days	39.7 days
Gross Rental Yield Percent	3.02%	3.85%

Demographics (Median Values)*

Total Population 2192

Weekly Household Income 757.2

Household Size 1.80

Average Age 43

Monthly Loan Repayment 1300

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

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