‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 5.22% growth over a ten-year period. It ranks 1530th on our list of suburbs that property investors should look into.
BERRIEDALE, 7011 has a capital gain of -6.88% for the past year, which is lower than average compared to its 11.51% growth within a five-year period.
With the median home price in BERRIEDALE sitting at $358,500, and the average rent at $400, property owners could potentially earn a 5.8% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BERRIEDALE are low, as opposed to average gains per annum over the past five years.
BERRIEDALE, 7011 in TAS belongs to the local government area of Glenorchy (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $358,500 | $245,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.4% | 48.48% |
| Median 12 month | -6.88% | N/A |
| Median 3 years | 37.88% | 24.37% |
| Median 5 years | 11.51% | N/A |
| 10 years average annual | 5.22% | 9.27% |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 22.0 days | 0.0 days |
| Gross Rental Yield Percent | 5.8% | N/A |
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