Rental moratorium extension to create ‘perfect storm’ for mum and dad investors
The NSW government’s decision to extend its rental moratorium has been hit with criticism, with flow-on effects set to severely impact mum...
The suburb’s capital gain of -2.21% for the past year is lower than average compared to its 63.39% growth within a five-year period.
Also in HOBART, the median home price is sitting at $665,000, and the average rent at $500, this suggests property owners could potentially earn a 3.91% increase in gross rental yield.
Property investors have seen a 1.29% gain in HOBART based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.93% growth over a ten-year period. It ranks 1590th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $665,000 | $610,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.29% | 7.58% |
| Median 12 month | -2.21% | 16.67% |
| Median 3 years | 13.48% | 25.13% |
| Median 5 years | 63.39% | 52.02% |
| 10 years average annual | 4.93% | 4.61% |
| Weekly media advert. rent | $500 | $450 |
| Time on Market | 44.8 days | 52.4 days |
| Gross Rental Yield Percent | 3.91% | 3.84% |
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