Property investors enjoyed capital gains of 15.38% 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 39.78% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
On average, rents on listings have reached the $365 mark, reflecting a 4.87% increase in returns based on the current median price in LUTANA.
LUTANA, 7009 ranks 58th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 86th on the list of best yielding suburbs for rental properties in TAS, posting a 4.87% return.
Property investors have seen a 0.65% gain in LUTANA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LUTANA, 7009 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 13.45%.
Based on its average 5-year and quarterly capital gains LUTANA, 7009 saw average growth in the long term.
LUTANA, 7009 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 $270,000.
This number can mean, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
The gross rental yield in LUTANA, 7009 is 5.97%.
An average of 1.25 real estate transactions take place per month in LUTANA which translates to 15 per annum.
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