Also in HOBART, the median home price is sitting at $610,000, and the average rent at $545, this suggests property owners could potentially earn a 4.65% increase in gross rental yield.
Property investors have seen a 0.83% 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 12.62% growth over a ten-year period. It ranks 1279th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.49%||20.21%|
|Median 3 years||40.23%||22.83%|
|Median 5 years||N/A||27.47%|
|10 years average annual||12.62%||9.43%|
|Weekly media advert. rent||$545||$517.5|
|Time on Market||0.0 days||31.0 days|
|Gross Rental Yield Percent||4.65%||4.76%|