Hobart’s coastal gem Kingston attracts investors with lifestyle appeal
With Tasmania’s increasing popularity as a lifestyle destination, Kingston continues to see steady property appreciation, particularly among those relocating from mainland cities, according to SPI’s FAST 50 report.
Kingston is among the top suburbs listed in Smart Property Investment’s 2026 FAST 50 report for savvy investors.
The FAST 50 report is an annual publication by Smart Property Investment, designed to identify 50 Australian suburbs with strong growth potential over the next 12 months.
It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar opportunities for investors.
Unlike traditional reports, the FAST 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.
Located just 12 kilometres south of Hobart, Kingston is a thriving coastal suburb known for its scenic views and growing community appeal.
Once a quiet township, Kingston’s proximity to the CBD has rapidly expanded into one of Hobart’s fastest-growing suburbs, attracting professionals, families, and retirees alike.
The suburb offers a mix of established homes and new developments, providing opportunities for long-term investors and those seeking value-add projects.
McGrath Estate Agents managing director and CEO, John McGrath, said Kingston has attracted investors due to its convenient location.
“Kingston is famous for its beach. This suburb’s location at the gateway to the Southern Outlet motorway means its residents can reach the city centre in just 10 minutes,” McGrath said.
New residential and retail projects like Spring Farm Village and Kings Quarter, infrastructure upgrades such as the Kingston Bypass duplication, and sports facilities for AFL and basketball teams attract investors and renters alike.
Additionally, Kingston features excellent local amenities, including quality schools, shopping centres, and easy access to beaches and national parks, supporting a balanced lifestyle.
“With a huge amount of land still available for development and talk that it could be the location of a performance centre for Tasmania’s new AFL club, Kingston is an area primed for growth,” McGrath said.
Kingston’s median dwelling price has now reached $750,000, recording 1.40 per cent growth over the last 12 months.
Similarly, the suburb offers a median rent of $580 with a 4 per cent gross rental yield.
With strong demand and ongoing residential growth, Kingston presents promising potential for investors seeking capital appreciation and stable rental returns.
Check all the suburbs in the FAST 50 report here.
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