4 Gidgee Street, Kingston QLD 4114
Positive Cashflow/High Yield
Advertised For Rent
About the Property
Nestled in a peaceful locale, this 3-bedroom home awaits its next chapter. While it requires renovation, its potential shines through. Imagine spacious bedrooms, a large lounge for movie nights, and a rear deck perfect for summer barbecues.
The double garage keeps your vehicles safe, while the fenced yard provides a secure haven for children and pets. And all this on a generous 634m2 block! This blank canvas is ready for your creative touch, offering a fantastic opportunity to build your dream home in a tranquil setting.
From the domain.com.au listing
About the Suburb
Kingston, located in Queensland with a postcode of 4114, is a suburb that exhibits a blend of characteristics appealing to both homeowners and property investors. The population of Kingston stands at 10,506, housed within 3,325 dwellings. Approximately 46% of these properties are occupied by their owners.
From a lifestyle perspective, Kingston offers a community-oriented environment with a significant proportion of owner-occupiers. The demographics suggest a stable and established community, potentially with families and long-term residents.
For investors, Kingston presents several intriguing insights. The IQR % Median of 20% indicates a healthy diversity in property prices, suggesting opportunities for finding properties that might benefit from renovation and value addition. The Suburb Median Price is $480,000, with a growth rate of 5.5%, reflecting steady appreciation in property values.
The rental yield in Kingston is quite attractive at 5.0%, coupled with a low vacancy rate of 0.9%. This low vacancy rate is indicative of a strong rental market, suggesting that rental properties are in demand and that there are fewer periods when rental properties are unoccupied.
Moreover, the market absorption rate stands at 29%, which reflects a moderately active market where a significant proportion of properties listed for sale are being sold. The Days on Market (DOM) for properties is 27, indicating a fairly quick turnover for property sales, a positive sign for investors looking to sell or rent out properties quickly.
In summary, Kingston in Queensland offers a balanced mix of lifestyle attributes for homeowners and promising investment potential for property investors. The combination of a strong rental market, potential for property value appreciation, and a stable community environment makes it an attractive suburb for both living and investing.