Property investors enjoyed capital gains of 7.85% 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 37.65% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 3.82% increase in returns based on the current median price in WEST HOBART.
WEST HOBART, 7000 ranks 122nd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 116th on the list of best yielding suburbs for rental properties in TAS, posting a 3.82% return.
Property investors have seen a -4.43% drop in WEST HOBART based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on WEST HOBART, 7000 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 20.06%.
Based on its average 5-year and quarterly capital gains WEST HOBART, 7000 saw average growth in the long term.
WEST HOBART, 7000 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $496,000.
Profits due to an upward trend in home prices in WEST HOBART, 7000 averaged 7.99% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $397.5 based on current median home prices for the suburb.
The gross rental yield in WEST HOBART, 7000 is 4.17%.
An average of 1.42 real estate transactions take place per month in WEST HOBART which translates to 17 per annum.
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