TAS/
Sandy bay

Suburb Profile

Sandy Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7005

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unit

Property investments in SANDY BAY fare well against the rest of the country last year, registering a median home price increase of 7.47%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SANDY BAY, 7005 saw average growth in the long term.

Real estate investors could earn a rental income of $592.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 48.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $888,000.

SANDY BAY ranks 124th on the list of best yielding suburbs for rental properties in TAS, posting a 3.47% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $888,000 $503,250
GROWTH REPORT
Median Quarterly 0.87% 0.35%
Median 12 month 7.47% 10.48%
Median 3 years 38.75% 39.79%
Median 5 years 54.17% 40.77%
10 years average annual 4.47% 3.77%
Weekly media advert. rent $592.5 $400
Time on Market 48.4 days 31.6 days
Gross Rental Yield Percent 3.47% 4.13%
demographics (median values)
Total Population
11333
Weekly Household Income
1081
Household Size
2.30
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Sandy Bay, TAS
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