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. ...
Property investors have seen a 3.06% gain in WISHART based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WISHART, 4122 saw average growth in the long term.
The QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $740,000
Profits averaged 1.65% per annum over a 3-year period, due to an upward trend in home prices in WISHART, 4122.
This means, real estate investors could earn a rental income of $477.5 based on current median home prices for the suburb.
The gross rental yield in WISHART, 4122 is 3.36%.
An average of 8.17 real estate transactions take place per month in WISHART which translates to 98 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $740,000 | $417,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.06% | -0.6% |
| Median 12 month | 2.35% | 6.1% |
| Median 3 years | 4.96% | -1.71% |
| Median 5 years | 16.54% | 8.44% |
| 10 years average annual | 2.98% | 1.56% |
| Weekly media advert. rent | $477.5 | $420 |
| Time on Market | 41.5 days | 60.0 days |
| Gross Rental Yield Percent | 3.36% | 5.23% |
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