AREA REPORTS

Lenah Valley

 

 

Suburb Profile

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

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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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $552,000 $371,500
GROWTH REPORT
Median Quarterly 0% 2.91%
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%
demographics (median values)
Total Population
5590
Weekly Household Income
1063
Household Size
2.40
demographics
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