Melbourne update: Buyer demand continues to drop
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
Property investors have seen a 32.54% gain in BATTERY POINT based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BATTERY POINT, 7004 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 39.64%.
Based on its average 5-year and quarterly capital gains BATTERY POINT, 7004 saw average growth in the long term.
The TAS suburb also 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 $1,955,000
Profits averaged 38.67% per annum over a 3-year period, due to an upward trend in home prices in BATTERY POINT, 7004.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in BATTERY POINT, 7004 is 1.73%.
An average of 0.83 real estate transactions take place per month in BATTERY POINT which translates to 10 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,955,000 | $845,000 |
| GROWTH REPORT | ||
| Median Quarterly | 32.54% | 11.18% |
| Median 12 month | 39.64% | N/A |
| Median 3 years | 116.02% | 50.09% |
| Median 5 years | 120.28% | 71.4% |
| 10 years average annual | 10.19% | 8.1% |
| Weekly media advert. rent | $650 | $480 |
| Time on Market | 0.0 days | 56.7 days |
| Gross Rental Yield Percent | 1.73% | 2.95% |
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
Queensland’s plan to undergo relaxed border closures have been welcomed by the home building industry, who up until recently had to come t...
The Central Coast is facing unprecedented demand for rental properties as cityslickers leave Sydney in droves. ...
Bridesmaid suburb opportunities don’t just exist in the cities. A buyer’s agent has recommended that investors go further afield than bi...
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by e...
The stability of the Australian housing market is set to be tested with a large slump in population due to border closures. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment