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 5.62% growth over a ten-year period. It ranks 1371st on our list of suburbs that property investors should look into.
SOUTH HOBART, 7004 in TAS belongs to the local government area of Hobart.
SOUTH HOBART, 7004 has a capital gain of 14.95% for the past year, which is higher than average compared to its 34.72% growth within a five-year period.
With the median home price in SOUTH HOBART sitting at $615,000, and the average rent at $495, property owners could potentially earn a 4.19% 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.
A 14.95% increase in median property prices in SOUTH HOBART, 7004 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 61st.
Homeowners and real estate investors betting on SOUTH HOBART, 7004 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 24.66%.
A steady increase in median property prices over a five-year period in SOUTH HOBART, 7004 translates to a 38.51% capital gain.
Property investors enjoyed capital gains of 24.66% over the last 12 months in SOUTH HOBART, translating to lower returns compared with its peers in TAS.
SOUTH HOBART, 7004 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $405,155.
Profits due to an upward trend in home prices in SOUTH HOBART, 7004 averaged 12.84% per annum over a 3-year period.
Home owners selling their properties and realtors in SOUTH HOBART usually have to wait an average of 22.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $360 mark, reflecting a 4.62% increase in returns based on the current median price in SOUTH HOBART.
SOUTH HOBART, 7004 places 30th in Australia based on median property value growth during the quarter.