Property investments in MONTROSE fare well against the rest of the country last year, registering a median home price increase of 16.02%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MONTROSE, 7010 saw average growth in the long term.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.7 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $358,500.
MONTROSE ranks 51st on the list of best yielding suburbs for rental properties in TAS, posting a 5.51% return.
Profits due to an upward trend in home prices in MONTROSE, 7010 averaged 7.59% per annum over a 3-year period.
Average weekly rents on listings have reached the $275 mark, reflecting a 5.96% increase in returns based on the current median price in MONTROSE.
An average of 1.5 real estate transactions take place per month in MONTROSE which translates to 18 per annum.
18 properties were sold in MONTROSE during the past year, making it the 37th most active market in TAS based on total real estate transactions.
MONTROSE, 7010 places 4th in Australia based on median property value growth during the quarter.
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