‘Strong seller’s market’ pinpointed in Adelaide
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Based on its average 5-year and quarterly capital gains SOUTH HOBART, 7004 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that SOUTH HOBART, 7004 obtained a 5.03% growth over a ten-year period. It ranks 1524th on our list of suburbs that property investors should look into.
SOUTH HOBART, 7004 in TAS belongs to the local government area of Hobart (C).
SOUTH HOBART, 7004 has a capital gain of 0.23% for the past year, which is lower than average compared to its 49.43% growth within a five-year period.
With the median home price in SOUTH HOBART sitting at $650,000, and the average rent at $500, property owners could potentially earn a 4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH HOBART are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $392,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.4% | -17.04% |
| Median 12 month | 0.23% | -31.05% |
| Median 3 years | 21.04% | 12.69% |
| Median 5 years | 49.43% | 29.16% |
| 10 years average annual | 5.03% | 4.74% |
| Weekly media advert. rent | $500 | $420 |
| Time on Market | 37.2 days | 91.6 days |
| Gross Rental Yield Percent | 4% | 5.57% |
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