Vacancy rates hold steady
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
The suburb’s capital gain of -3.97% for the past year is lower than average compared to its 53.65% growth within a five-year period.
Also in HOBART, the median home price is sitting at $653,000, and the average rent at $550, this suggests property owners could potentially earn a 4.38% increase in gross rental yield.
Property investors have seen a 0.46% 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 5.01% growth over a ten-year period. It ranks 1340th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $653,000 | $567,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.46% | 0.62% |
| Median 12 month | -3.97% | -7.05% |
| Median 3 years | 23.79% | 16.31% |
| Median 5 years | 53.65% | 44.55% |
| 10 years average annual | 5.01% | 3.96% |
| Weekly media advert. rent | $550 | $495 |
| Time on Market | 61.0 days | 48.8 days |
| Gross Rental Yield Percent | 4.38% | 4.54% |
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