AREA REPORTS

Lutana

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 13.1% 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 41.07% 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 $385 based on current median home prices for the suburb.

On average, rents on listings have reached the $385 mark, reflecting a 5.07% increase in returns based on the current median price in LUTANA.

LUTANA, 7009 ranks 81st in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 73rd on the list of best yielding suburbs for rental properties in TAS, posting a 5.07% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $395,000 $285,550
GROWTH REPORT
Median Quarterly 1.28% 5.76%
Median 12 month 13.1% 19.98%
Median 3 years 41.07% N/A
Median 5 years 61.22% 32.81%
10 years average annual 4.79% 7.38%
Weekly media advert. rent $385 $310
Time on Market 23.5 days 38.1 days
Gross Rental Yield Percent 5.07% 5.65%
demographics (median values)
Total Population
2337
Weekly Household Income
740.4
Household Size
2.20
demographics
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