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. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $663,000.
The downward trend in home prices in CAMDEN SOUTH, 2570 averaged -0.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.76% increase in returns based on the current median price in CAMDEN SOUTH.
An average of 5.67 real estate transactions take place per month in CAMDEN SOUTH which translates to 68 per annum.
68 properties were sold in CAMDEN SOUTH in 2016, making it the 187th most active market in NSW based on total real estate transactions.
CAMDEN SOUTH, 2570 places 828th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $663,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.45% | N/A |
| Median 12 month | 0.15% | N/A |
| Median 3 years | -1.04% | N/A |
| Median 5 years | 24.85% | N/A |
| 10 years average annual | 5.94% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 28.8 days | N/A |
| Gross Rental Yield Percent | 3.76% | N/A |
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