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...
Property investments in MONTROSE fare well against the rest of the country last year, registering a median home price increase of 7.98%.
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.
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 17.3 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 $480,500.
MONTROSE ranks 123rd on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,500 | $337,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 5.47% |
| Median 12 month | 7.98% | 5.47% |
| Median 3 years | 38.87% | 73.08% |
| Median 5 years | 64.84% | 68.75% |
| 10 years average annual | 5.42% | 9.73% |
| Weekly media advert. rent | N/A | $350 |
| Time on Market | 17.3 days | 0.0 days |
| Gross Rental Yield Percent | N/A | 5.39% |
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