Based on its average 5-year and quarterly capital gains KINGSTON BEACH, 7050 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that KINGSTON BEACH, 7050 obtained a 6.57% growth over a ten-year period. It ranks 1096th on our list of suburbs that property investors should look into.
KINGSTON BEACH, 7050 in TAS belongs to the local government area of Kingborough.
KINGSTON BEACH, 7050 has a capital gain of 29.1% for the past year, which is higher than average compared to its 25% growth within a five-year period.
With the median home price in KINGSTON BEACH sitting at $650,000, and the average rent at $430, property owners could potentially earn a 3.44% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in KINGSTON BEACH are high, as opposed to average gains per annum over the past five years.
A 29.1% increase in median property prices in KINGSTON BEACH, 7050 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 13th.
Property investors enjoyed capital gains of 7.11% over the last 12 months in KINGSTON BEACH, translating to lower returns compared with its peers in TAS.
KINGSTON BEACH, 7050 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $407,000.
Home owners selling their properties and realtors in KINGSTON BEACH usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $325 mark, reflecting a 4.15% increase in returns based on the current median price in KINGSTON BEACH.
KINGSTON BEACH, 7050 places 39th in Australia based on median property value growth during the quarter.