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 32.14%.
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 $1,250,000
Profits averaged 11.47% 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 $675 based on current median home prices for the suburb.
The gross rental yield in BATTERY POINT, 7004 is 2.81%.
An average of 1 real estate transactions take place per month in BATTERY POINT which translates to 12 per annum.
Property investments in BATTERY POINT fare well against the rest of the country last year, registering a median home price increase of 11.97%.
Figures from the previous quarter show that capital gains for real estate buyers in BATTERY POINT are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BATTERY POINT, 7004 saw average growth in the long term.
This means, real estate investors could earn a rental income of $465 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BATTERY POINT, homes and units usually stay on listing for an average of 26.8 days.
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 $650,000
Investors saw the median home price rise to $650,000.
BATTERY POINT ranks 63rd on the list of best yielding suburbs for rental properties in TAS, posting a 3.72% return.
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