TAS/
Lenah valley

Suburb Profile

Lenah Valley - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7008

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

The suburb also 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 $552,000.

The upward trend in home prices in LENAH VALLEY, 7008 averaged 12.67% per annum over a 3-year period.

Average weekly rents on listings have reached the $432.5 mark, reflecting a 4.07% increase in returns based on the current median price in LENAH VALLEY.

An average of 6.67 real estate transactions take place per month in LENAH VALLEY which translates to 80 per annum.

80 properties were sold in LENAH VALLEY in 2016, making it the 17th most active market in TAS based on total real estate transactions.

LENAH VALLEY, 7008 places 50th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $552,000 $335,000
GROWTH REPORT
Median Quarterly 5.62% 6.69%
Median 12 month 17.45% 8.06%
Median 3 years 38% 26.42%
Median 5 years 49.19% 36.73%
10 years average annual 5.17% 5.08%
Weekly media advert. rent $432.5 $295
Time on Market 21.1 days 16.4 days
Gross Rental Yield Percent 4.07% 4.58%
demographics (median values)
Total Population
5590
Weekly Household Income
1063
Household Size
2.40
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Lenah Valley, TAS
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