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...
SOUTH TOOWOOMBA, 4350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling SOUTH TOOWOOMBA, 4350 values up and netting property investors a capital gain of 5.34% for the past year.
Investors saw the median home price rise to $345,000.
Profits due to an upward trend in home prices in the suburb averaged 1.31% per annum over a 3-year period.
SOUTH TOOWOOMBA now ranks at the 202nd 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 SOUTH TOOWOOMBA 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 $320 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 SOUTH TOOWOOMBA, homes and units usually stay on listing for an average of 54.8 days.
In 2016, 94 properties were sold in SOUTH TOOWOOMBA during the past year, making it the 26th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $345,000 | $317,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.92% | 0% |
| Median 12 month | 5.34% | 18.06% |
| Median 3 years | 3.92% | 4.97% |
| Median 5 years | 3.68% | 2.43% |
| 10 years average annual | 2.81% | 4.17% |
| Weekly media advert. rent | $320 | $290 |
| Time on Market | 54.8 days | 90.7 days |
| Gross Rental Yield Percent | 4.82% | 4.76% |
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