TAS/
Lutana

Suburb Profile

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

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Property investors enjoyed capital gains of 23.2% 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 40% 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 $360 based on current median home prices for the suburb.

On average, rents on listings have reached the $360 mark, reflecting a 4.86% increase in returns based on the current median price in LUTANA.

LUTANA, 7009 ranks 24th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 87th on the list of best yielding suburbs for rental properties in TAS, posting a 4.86% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $385,000 $268,250
GROWTH REPORT
Median Quarterly 7.17% 3.77%
Median 12 month 23.2% 12.71%
Median 3 years 40% 24.77%
Median 5 years 48.08% N/A
10 years average annual 4.77% 5.64%
Weekly media advert. rent $360 $300
Time on Market 39.4 days 54.7 days
Gross Rental Yield Percent 4.86% 5.82%
demographics (median values)
Total Population
2337
Weekly Household Income
740.4
Household Size
2.20
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Lutana, TAS
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