Based on its average 5-year and quarterly capital gains WEST MOONAH, 7009 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WEST MOONAH, 7009 obtained a 4.83% growth over a ten-year period. It ranks 1572nd on our list of suburbs that property investors should look into.
WEST MOONAH, 7009 in TAS belongs to the local government area of Glenorchy.
WEST MOONAH, 7009 has a capital gain of 19.27% for the past year, which is higher than average compared to its 38.3% growth within a five-year period.
With the median home price in WEST MOONAH sitting at $390,000, and the average rent at $377.5, property owners could potentially earn a 5.03% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEST MOONAH are low, as opposed to average gains per annum over the past five years.
A 19.27% increase in median property prices in WEST MOONAH, 7009 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 32nd.
A steady increase in median property prices over a five-year period in WEST MOONAH, 7009 translates to a 10.48% capital gain.
Property investors enjoyed capital gains of 5.45% over the last 12 months in WEST MOONAH, translating to lower returns compared with its peers in TAS.
WEST MOONAH, 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 $290,000.
Profits due to an upward trend in home prices in WEST MOONAH, 7009 averaged 3.49% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST MOONAH usually have to wait an average of 24.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $300 mark, reflecting a 5.38% increase in returns based on the current median price in WEST MOONAH.
WEST MOONAH, 7009 places 4th in Australia based on median property value growth during the quarter.