Federal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
Property investors enjoyed capital gains of 31.13% over the last 12 months in WEST HOBART, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in WEST HOBART are low, as opposed to average gains per annum over the past five years.
The suburb posted a 43.9% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $595 based on current median home prices for the suburb.
On average, rents on listings have reached the $595 mark, reflecting a 3.13% increase in returns based on the current median price in WEST HOBART.
WEST HOBART, 7000 ranks 67th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 104th on the list of best yielding suburbs for rental properties in TAS, posting a 3.13% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.13%||4.19%|
|Median 3 years||43.9%||39.85%|
|Median 5 years||62.3%||68%|
|10 years average annual||9.02%||7.01%|
|Weekly media advert. rent||$595||$450|
|Time on Market||18.8 days||9.3 days|
|Gross Rental Yield Percent||3.13%||3.48%|