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Sandy Bay

Suburb Profile

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

house
unit

Property investments in SANDY BAY did not fare well against the rest of the country last year, registering a median home price decrease of 2.95%.

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 $600 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 55.6 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 $941,000.

SANDY BAY ranks 107th on the list of best yielding suburbs for rental properties in TAS, posting a 3.32% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $941,000 $570,000
GROWTH REPORT
Median Quarterly -0.95% -5%
Median 12 month 2.95% -3.39%
Median 3 years 8.16% 12.54%
Median 5 years 39.41% 58.33%
10 years average annual 3.75% 4.47%
Weekly media advert. rent $600 $450
Time on Market 55.6 days 38.0 days
Gross Rental Yield Percent 3.32% 4.11%
demographics (median values)
Total Population
11333
Weekly Household Income
1081
Household Size
2.30
demographics
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