Where Hobart house prices are heading, according to ANZ
In the ANZ’s latest report, Australian housing: a strong 2021, the bank’s economists forecast a buoyant year ahead for the Hobart housin...
RAYMOND TERRACE, 2324 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling RAYMOND TERRACE, 2324 values up and netting property investors a capital gain of 2.56% for the past year.
Investors saw the median home price rise to $400,000.
Profits due to an upward trend in home prices in the suburb averaged 3.81% per annum over a 3-year period.
RAYMOND TERRACE now ranks at the 1029th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RAYMOND TERRACE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $375 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RAYMOND TERRACE, homes and units usually stay on listing for an average of 77.0 days.
In 2016, 189 properties were sold in RAYMOND TERRACE during the past year, making it the 962nd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | $288,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.84% | -1.2% |
| Median 12 month | 2.56% | -0.69% |
| Median 3 years | 11.42% | 15.2% |
| Median 5 years | 32.89% | 23.87% |
| 10 years average annual | 4.15% | 2.07% |
| Weekly media advert. rent | $375 | $305 |
| Time on Market | 77.0 days | 83.2 days |
| Gross Rental Yield Percent | 4.88% | 5.51% |
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