Expert insight: How does population growth influence capital growth?
Does lack of population growth actually stunt the creation of wealth for property investors? ...
The suburb’s capital gain of -2.1% for the past year is lower than average compared to its 53.52% growth within a five-year period.
Also in HOBART, the median home price is sitting at $675,500, and the average rent at $575, this suggests property owners could potentially earn a 4.43% increase in gross rental yield.
Property investors have seen a -0.66% drop in HOBART based on a decrease 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 7.44% growth over a ten-year period. It ranks 99th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $675,500 | $615,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.66% | -1.91% |
| Median 12 month | -2.1% | -0.81% |
| Median 3 years | 27.45% | 28.8% |
| Median 5 years | 53.52% | 24.75% |
| 10 years average annual | 7.44% | 3.71% |
| Weekly media advert. rent | $575 | $500 |
| Time on Market | 11.5 days | 29.7 days |
| Gross Rental Yield Percent | 4.43% | 4.23% |
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