Updated November 2026: we added a “Kingston today” section with current Stash suburb figures and what has happened to the property since. The deal figures below are from the time of the original post.
Address
4 Gidgee Street, Kingston QLD 4114
Investment Strategy
Positive Cashflow/High Yield
Development Timeline
Property Purchased
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
Investment Stats
2023
4.4
9.7
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.
Suburb Median
Vacancy Rate
Suburb Yield
Kingston today (November 2026)
Here is where the Kingston house market sits now. The figures cover house sales and rentals over the 12 months from November 2025.
- Median house price: $850,000 (Stash data, November 2026)
- 12-month change in the median house price: +19.7% (Stash data, November 2026)
- Median house rent: $600 a week, a median gross rental yield of 3.8% (Stash data, November 2026)
- Vacancy rate: 1.1%, with a median of 30 days on market for houses (Stash data, November 2026)
What happened to the property? Stash's sales history for 4 Gidgee Street still shows the $400,000 purchase in early 2023 as the latest sale, so it hasn't sold again since this case study.
Then vs now: When this was written, $750 a week on a $400,000 purchase gave the 9.7% gross yield in the title. Today the median house yield in Kingston is 3.8% and the median house price is $850,000.
See the latest numbers on the Kingston suburb page. To look for positive cashflow deals like this one yourself, use Find On Market Deals with the Suburb Rental Yield filter.
