Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
LENAH VALLEY, 7008 ranks 620th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.4% for property investors.
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 12.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $455 mark, reflecting a 4.29% increase in returns based on the current median price in LENAH VALLEY.
An average of 7.58 real estate transactions take place per month in LENAH VALLEY which translates to 91 per annum.
91 properties were sold in LENAH VALLEY in 2016, making it the 6th most active market in TAS based on total real estate transactions.
LENAH VALLEY, 7008 places th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.4%||19.84%|
|Median 3 years||36.3%||42.61%|
|Median 5 years||49.39%||43.71%|
|10 years average annual||5.15%||6.43%|
|Weekly media advert. rent||$455||$347.5|
|Time on Market||27.0 days||21.5 days|
|Gross Rental Yield Percent||4.29%||4.86%|
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...