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. ...
ROSEBERY, 832 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 $480,000.
Profits due to an downward trend in home prices in the suburb averaged -3.14% per annum over a 3-year period.
ROSEBERY now ranks at the 12th 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 ROSEBERY are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $472.5 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 ROSEBERY, homes and units usually stay on listing for an average of 93.6 days.
In 2016, 44 properties were sold in ROSEBERY during the past year, making it the 5th most active market in NT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | $235,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.24% | -4.37% |
| Median 12 month | -4.96% | N/A |
| Median 3 years | -9.43% | N/A |
| Median 5 years | -23.2% | -48.52% |
| 10 years average annual | 9.6% | 1.21% |
| Weekly media advert. rent | $472.5 | $350 |
| Time on Market | 93.6 days | 115.4 days |
| Gross Rental Yield Percent | 5.12% | 7.74% |
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
A mandatory code of conduct governing short-term holiday rentals in NSW will be rolled out from 18 December. ...
Australian mortgage delinquency rates will continue to increase over the next year due to the ongoing economic fallout from the COVID-19 out...
As restrictions begin to ease, the Brisbane property market has begun to work its way towards recovery, with the rental market showing the f...
South Australia’s property market continues to climb in September, with residential property sales up 27.5 per cent from the same time las...
New research has found that Australians increasingly have their sight set on buying property, with one in four looking to purchase now. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment