Property investors have seen a 5.41% gain in MOONAH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MOONAH, 7009 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 23.71%.
Based on its average 5-year and quarterly capital gains MOONAH, 7009 saw average growth in the long term.
The TAS 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 $390,000
Profits averaged 13.35% per annum over a 3-year period, due to an upward trend in home prices in MOONAH, 7009.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in MOONAH, 7009 is 5.07%.
An average of 9.08 real estate transactions take place per month in MOONAH which translates to 109 per annum.
Property investments in MOONAH fare well against the rest of the country last year, registering a median home price increase of 5.62%.
Figures from the previous quarter show that capital gains for real estate buyers in MOONAH are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $295 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MOONAH, homes and units usually stay on listing for an average of 22.3 days.
the TAS 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 $272,500
Investors saw the median home price rise to $272,500.
MOONAH ranks 24th on the list of best yielding suburbs for rental properties in TAS, posting a 5.63% return.
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