Rental markets remain 'sluggish'
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
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% |
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
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