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...
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 $75,000.
The downward trend in home prices in BLACKALL, 4472 averaged -6.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $220 mark, reflecting a 15.25% increase in returns based on the current median price in BLACKALL.
An average of 1.75 real estate transactions take place per month in BLACKALL which translates to 21 per annum.
21 properties were sold in BLACKALL in 2016, making it the 544th most active market in QLD based on total real estate transactions.
BLACKALL, 4472 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $75,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 7.14% | N/A |
| Median 3 years | -18.92% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 2.01% | N/A |
| Weekly media advert. rent | $220 | N/A |
| Time on Market | 103.9 days | N/A |
| Gross Rental Yield Percent | 15.25% | N/A |
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