Kingston Beach is a compact suburb in Tasmania within the Kingborough local government area (postcode 7050). The area has roughly 2,305 residents and a settled, mature resident base, with a median age of 47. Households earn a median income of $79K per year, with an average household size of 2.3 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, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Kingston Beach stand at $915,000, having increased by 4.3% over the last twelve months. Units have a median price of $622,000 (-9.3% YoY). The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,577.
Public transport access includes 21 bus stops.
Looking at the investment signals, Kingston Beach shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($915K/$750K). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +4.3% 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.