What rent, values look like under Labor: New modelling
An updated modelling of the Labor government’s proposed changes to negative gearing has found that yields are likely to go up while prices...
GOODWOOD, 7010 ranks 775th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.25% 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 $320,000.
The upward trend in home prices in GOODWOOD, 7010 averaged 18.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 5.85% increase in returns based on the current median price in GOODWOOD.
An average of 1.67 real estate transactions take place per month in GOODWOOD which translates to 20 per annum.
20 properties were sold in GOODWOOD in 2016, making it the 120th most active market in TAS based on total real estate transactions.
GOODWOOD, 7010 places 46th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $320,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.92% | N/A |
| Median 12 month | 10.25% | N/A |
| Median 3 years | 56.1% | N/A |
| Median 5 years | 52.38% | N/A |
| 10 years average annual | 5.63% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 26.0 days | N/A |
| Gross Rental Yield Percent | 5.85% | N/A |
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