Powered by MOMENTUM MEDIA
AREA REPORTS

Lutana

Suburb Profile

Lutana - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7009

house
unit

Property investors enjoyed capital gains of 7.71% over the last 12 months in LUTANA, translating to lower returns compared with its peers in TAS.

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

The suburb posted a 35.58% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

On average, rents on listings have reached the $430 mark, reflecting a 4.64% increase in returns based on the current median price in LUTANA.

LUTANA, 7009 ranks 109th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 66th on the list of best yielding suburbs for rental properties in TAS, posting a 4.64% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $482,000 $374,000
GROWTH REPORT
Median Quarterly 1.47% 13.33%
Median 12 month 7.71% 14.02%
Median 3 years 35.58% 38.52%
Median 5 years 60.67% N/A
10 years average annual 5.77% 8.36%
Weekly media advert. rent $430 $330
Time on Market 23.0 days 0.0 days
Gross Rental Yield Percent 4.64% 4.59%
demographics (median values)
Total Population
2337
Weekly Household Income
740.4
Household Size
2.20
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Why commercial is the new residential

Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...

capital cities

Detailed forecast: How will the capital cities perform in 2021?

With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...

house prices

‘Allowing super to be used for deposit will jack up house prices’

Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...

Killarney Vale

Central Coast’s 2261 postcode swarmed by Sydney buyers

Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...

auction

Sydney’s median auction house price hits $1.68m as auctions balloon

Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...

CBD

Re-imagined, innovative CBDs to spur unprecedented growth

Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.