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, the suburb saw average growth in the long term.
The suburb also 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 $247,000.
The downward trend in home prices in GAILES, 4300 averaged -1.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $290 mark, reflecting a 6.11% increase in returns based on the current median price in GAILES.
An average of 2.25 real estate transactions take place per month in GAILES which translates to 27 per annum.
27 properties were sold in GAILES in 2016, making it the 443rd most active market in QLD based on total real estate transactions.
GAILES, 4300 places 534th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $247,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.2% | N/A |
| Median 12 month | -2.76% | N/A |
| Median 3 years | -4.54% | N/A |
| Median 5 years | 4.83% | N/A |
| 10 years average annual | 0.13% | N/A |
| Weekly media advert. rent | $290 | N/A |
| Time on Market | 64.0 days | N/A |
| Gross Rental Yield Percent | 6.11% | N/A |
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
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