Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
GOODWOOD, 7010 ranks 721st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.29% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $400,000.
The upward trend in home prices in GOODWOOD, 7010 averaged 12.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $395 mark, reflecting a 5.14% increase in returns based on the current median price in GOODWOOD.
An average of 1.75 real estate transactions take place per month in GOODWOOD which translates to 21 per annum.
21 properties were sold in GOODWOOD in 2016, making it the 108th most active market in TAS based on total real estate transactions.
GOODWOOD, 7010 places 101st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.91% | N/A |
| Median 12 month | 14.29% | N/A |
| Median 3 years | 37.81% | N/A |
| Median 5 years | 94.65% | N/A |
| 10 years average annual | 8.41% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 14.6 days | N/A |
| Gross Rental Yield Percent | 5.14% | N/A |
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