Kingston (postcode 7050) is an established suburb in Tasmania within the Kingborough local government area. With a population of 12,288, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $79K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Kingston is $740,000, having fallen by 4.5% over the past year. Units have a median price of $588,000 (-2% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,625.
Kingston is served by 4 schools, including 1 primary, 1 secondary, 2 combined. The average ICSEA score is 1037, which is around the national average of 1,000. Public transport access includes 63 bus stops.
Looking at the investment signals, Kingston shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices are near the state median ($740K/$750K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved -4.5% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.