Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
HOBARTVILLE, 2753 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 $602,500.
Profits due to an downward trend in home prices in the suburb averaged -0.81% per annum over a 3-year period.
HOBARTVILLE now ranks at the 909th 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 HOBARTVILLE 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 $420 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 HOBARTVILLE, homes and units usually stay on listing for an average of 41.0 days.
In 2016, 34 properties were sold in HOBARTVILLE during the past year, making it the 577th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $602,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.58% | N/A |
| Median 12 month | -7.16% | N/A |
| Median 3 years | -2.43% | N/A |
| Median 5 years | 25.26% | N/A |
| 10 years average annual | 6.58% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 41.0 days | N/A |
| Gross Rental Yield Percent | 3.62% | N/A |
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