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 decrease 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 $260,000.
The downward trend in home prices in DALBY, 4405 averaged -0.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 5.6% increase in returns based on the current median price in DALBY.
An average of 12.92 real estate transactions take place per month in DALBY which translates to 155 per annum.
155 properties were sold in DALBY in 2016, making it the 685th most active market in QLD based on total real estate transactions.
DALBY, 4405 places 722nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.7% | N/A |
| Median 12 month | 6.12% | N/A |
| Median 3 years | -2.35% | N/A |
| Median 5 years | -4.59% | N/A |
| 10 years average annual | -1.29% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 120.1 days | N/A |
| Gross Rental Yield Percent | 5.6% | 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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