How a Hobart purchase set this investor up for a successful portfolio
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Property investors enjoyed capital gains of 15.35% over the last 12 months in SYLVANIA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SYLVANIA are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $725 based on current median home prices for the suburb.
On average, rents on listings have reached the $725 mark, reflecting a 2.87% increase in returns based on the current median price in SYLVANIA.
SYLVANIA, 2224 ranks 179th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 396th on the list of best yielding suburbs for rental properties in NSW, posting a 2.87% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,315,000 | $921,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5.2% | 0.99% |
| Median 12 month | 15.35% | 8.73% |
| Median 3 years | -3.49% | -5.49% |
| Median 5 years | 11.68% | 17.76% |
| 10 years average annual | 6.2% | 5.42% |
| Weekly media advert. rent | $725 | $550 |
| Time on Market | 65.5 days | 73.8 days |
| Gross Rental Yield Percent | 2.87% | 3.1% |
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