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...
Property investors have seen a 0.59% gain in KATOOMBA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KATOOMBA, 2780 saw average growth in the long term.
The NSW 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 $598,500
Profits averaged -0.08% per annum over a 3-year period, due to an downward trend in home prices in KATOOMBA, 2780.
This means, real estate investors could earn a rental income of $422.5 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.67%.
An average of 13.33 real estate transactions take place per month in KATOOMBA which translates to 160 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $598,500 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.59% | 0% |
| Median 12 month | 3.37% | N/A |
| Median 3 years | -0.25% | 2.5% |
| Median 5 years | 33% | 31.83% |
| 10 years average annual | 6.31% | 9.06% |
| Weekly media advert. rent | $422.5 | $340 |
| Time on Market | 88.7 days | 77.3 days |
| Gross Rental Yield Percent | 3.67% | 4.31% |
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