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 -7.29% drop in KANGAROO POINT based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KANGAROO POINT, 4169 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 $1,005,000
Profits averaged 3.48% per annum over a 3-year period, due to an upward trend in home prices in KANGAROO POINT, 4169.
This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
The gross rental yield in KANGAROO POINT, 4169 is 3.1%.
An average of 1.5 real estate transactions take place per month in KANGAROO POINT which translates to 18 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.62%||3.9%|
|Median 3 years||10.44%||-4.66%|
|Median 5 years||11.05%||-4.66%|
|10 years average annual||4.63%||-0.45%|
|Weekly media advert. rent||$600||$460|
|Time on Market||0.0 days||81.9 days|
|Gross Rental Yield Percent||3.1%||4.92%|
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