Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 5.47% growth over a ten-year period. It ranks 1282nd on our list of suburbs that property investors should look into.
WEST MOONAH, 7009 in TAS belongs to the local government area of Glenorchy (C).
WEST MOONAH, 7009 has a capital gain of 10.39% for the past year, which is lower than average compared to its 70.93% growth within a five-year period.
With the median home price in WEST MOONAH sitting at $494,000, and the average rent at $435, property owners could potentially earn a 4.58% 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 10.39% 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 91st.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $494,000 | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.86% | -3.18% |
| Median 12 month | 10.39% | -4.76% |
| Median 3 years | 27.98% | 25.86% |
| Median 5 years | 70.93% | 38.26% |
| 10 years average annual | 5.47% | 4.89% |
| Weekly media advert. rent | $435 | $345 |
| Time on Market | 45.7 days | 0.0 days |
| Gross Rental Yield Percent | 4.58% | 4.92% |
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