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...
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 $677,500.
The upward trend in home prices in WERRINGTON, 2747 averaged 0.52% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 2.84% increase in returns based on the current median price in WERRINGTON.
An average of 2.83 real estate transactions take place per month in WERRINGTON which translates to 34 per annum.
34 properties were sold in WERRINGTON in 2016, making it the 609th most active market in NSW based on total real estate transactions.
WERRINGTON, 2747 places 763rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $677,500 | $413,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.12% | 3.38% |
| Median 12 month | 11.07% | -7.08% |
| Median 3 years | 1.57% | -19.24% |
| Median 5 years | 29.05% | 0.85% |
| 10 years average annual | 8.45% | 6.74% |
| Weekly media advert. rent | $370 | $327.5 |
| Time on Market | 42.5 days | 69.3 days |
| Gross Rental Yield Percent | 2.84% | 4.12% |
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