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 LARRAKEYAH, 820 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NT suburb obtained a -1.67% decrease over a ten-year period. It ranks 1487th on our list of suburbs that property investors should look into.
LARRAKEYAH, 820 in NT belongs to the local government area of Darwin (C).
LARRAKEYAH, 820 has a capital gain of -1.56% for the past year, which is higher than average compared to its -24.88% growth within a five-year period.
With the median home price in LARRAKEYAH sitting at $395,000, and the average rent at $380, property owners could potentially earn a 5% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LARRAKEYAH are high, as opposed to average gains per annum over the past five years.
A -1.56% increase in median property prices in LARRAKEYAH, 820 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 5th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $395,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 1.28% |
| Median 12 month | N/A | -1.56% |
| Median 3 years | N/A | -17.71% |
| Median 5 years | N/A | -24.88% |
| 10 years average annual | N/A | -1.67% |
| Weekly media advert. rent | N/A | $380 |
| Time on Market | N/A | 111.6 days |
| Gross Rental Yield Percent | N/A | 5% |
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