Local agents have refuted “bizarre” claims of an investment advisory group which isolates Kingston as a “no go zone” for investors.
Kingston was the only Logan suburb, among 111 Australia-wide, to be listed in a report by Positive Property as a market “investors must avoid”.
The author of the report, George Markoski, said those who invest in Kingston had a higher chance of losing money on the investment.
But Ray White Marsden agent Keny Guerra disagrees.
“It’s not really correct… I don’t know where that information came from,” Ms Guerra said.
Ms Guerra said Kingston was emerging as an investment hotspot.
“Kingston is one of the best locations, along with Woodridge, for investment at the moment,” she said.
“You can get full properties, and a lot of people are moving into and investing in the area.”
Ms Guerra said families were flocking to the area for it’s affordability, size of properties, and location.
“It’s only 20 minutes from the Brisbane CBD, it’s close to the m1, and it’s easy to get to the Gold Coast,” she said.
The Real Estate Institute of Queensland CEO, Antonia Mercorella, said whenever an entire suburb or region was “blacklisted” for investment, “that is of concern”.
“While it’s important to do your own research and be aware of the suburbs and areas on the rise or trending down, it’s also important to understand that every property is unique and it’s not realistic to paint an entire suburb with the same brush,” Ms Mercorella said.
“To simply write off an entire area is a little extreme in our view.
“When it comes to property, any decision about where to invest your dollars will be specific to your needs and objectives.”
She said the property market throughout greater Brisbane was “moving in a northerly direction for some time now”.
“Shortly after the onset of the pandemic we saw an explosion of interest in the property market with high interstate migration into Queensland adding to the frenzy of demand,” she said.
“While that has settled down now, our market continues to be fuelled by strong demand and insufficient supply and has good fundamentals underpinning it.”
In Kingston, the annual median house price sits just under $500,000, which is a rise of 6.75 per cent compared to the previous year.
For units, that annual median is $333,000, which is a 12.38 per cent year on year improvement.
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