Kingston (postcode 2604) is a medium-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area. With a population of 6,579, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $128K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Kingston is $1.9 million, having fallen sharply by 23.1% over the past year. Units have a median price of $685,000 (+4.1% YoY). The median weekly rent is $510 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,950.
Public transport access includes 8 rail stations, 14 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,782 incidents per 100,000 population.
Looking at the investment signals, Kingston shows a gross rental yield of approximately 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$1.0M), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved -23.1% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.