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Kingston, TAS 7050

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kingston, TAS 7050 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kingston, TAS 7050”

  1. The total adult population (15 years or older) of Kingston 7050 TAS is 10,124, with a median age of 36. Of those, 45.38% are married, 12.64% are divorced or separated, 36.44% are single and 5.45% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,568. The median monthly mortgage repayment for households in this suburb is $1,625 which is 21.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of Kingston 7050 is home to an estimated 5,909 households. As we approach the tail-end of Q3 2023, the typical price for houses in Kingston stands at a respectable $790,116. Coupled with a median weekly rent of $613, this brings an appealing indicative yield of 4.03% for potential property investors.

    Ranked 988 out of 1217, Kingston’s current IRSAD score suggests a reasonably solid socio-economic status among residents. This reveals a good mix of income levels and skilled professions, hinting at stable community presence and suggesting a moderate level of access to economic resources.

    The rental picture also looks advantageous. The renter to owner ratio is at a desirable 28%, indicating a healthy balance that favours homeowners. The units to houses ratio is sitting low at 17%, which suggests that houses are more commonly found in the area, reducing competition among landlords, potentially increasing rental yields and offering longer-term tenancy opportunities.

    However, while these metrics suggest favourable conditions, the affordability index presents a slight speed bump, standing at an inflated 41 years – this being a measure that factors in the median income and average property prices in the region. This number suggests a high entry barrier for first home buyers and owner-occupiers.

    In terms of supply, Kingston’s stock on market Percentage comes in at a low 0.14%, indicating that there’s a low supply of houses currently available. The inventory standing at 0.44 months echoes this low supply narrative, stating a vibrant and quick-moving market. Concurrently, building approvals ratio is mild at 0.62%, pointing to fewer new constructions altering the neighbourhood any time soon.

    Yet, one must remain cautious. The days on market metric stands at 81, insinuating a slower demand for houses. The vacancy rate, however, shows a neutral position at 2.17%, with potential for improvements in the future. With a buy search index for houses at 3, online interest appears relatively tame.

    While there are areas for improvement, Kingston’s property market possesses many desirable qualities. Investors can use metrics like the Relative Composite Score to analyse over 80 metrics for a more detailed perspective. The Australian property market can change abruptly and keeping a vigilant eye on trends is crucial for favourable investment outcomes. The area certainly has potential and maintaining a watchful gaze could reward savvy investors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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