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. ...
Based on its average 5-year and quarterly capital gains NEWSTEAD, 4006 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in NEWSTEAD, 4006 averaged 1.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 4.28% increase in returns based on the current median price in NEWSTEAD.
An average of 9.75 real estate transactions take place per month in NEWSTEAD which translates to 117 per annum.
117 properties were sold in NEWSTEAD during the past year, making it the 313th most active market in QLD based on total real estate transactions.
NEWSTEAD, 4006 places 176th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $632,250 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -0.59% |
| Median 12 month | N/A | 3.65% |
| Median 3 years | N/A | 3.78% |
| Median 5 years | N/A | 15.71% |
| 10 years average annual | N/A | 2.13% |
| Weekly media advert. rent | N/A | $520 |
| Time on Market | N/A | 72.9 days |
| Gross Rental Yield Percent | N/A | 4.28% |
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.
