Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 36.49% capital gain.
It 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 $505,000
The augmented property values in the suburb are trailing behind the territorial average of 8.02% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $500.
Home owners selling their properties and realtors in GEILSTON BAY usually have to wait an average of 26.8 days days before their assets are lifted off the market.
The TAS suburb ranks 64th on the list of best yielding suburbs for rental properties in TAS, posting a 5.15% return.
It also places places 97th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $505,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.2% | N/A |
| Median 12 month | 4.99% | -3.23% |
| Median 3 years | 36.49% | N/A |
| Median 5 years | 53.26% | N/A |
| 10 years average annual | 4.3% | 6.79% |
| Weekly media advert. rent | $500 | $450 |
| Time on Market | 26.8 days | 0.0 days |
| Gross Rental Yield Percent | 5.15% | 6.24% |
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
A growing number of Australians are being forced to live in high-density apartments, which is having an impact on future prosperity and cohe...
A real estate group says some positive signs are beginning to emerge within Australia’s property market. ...
How is the Brisbane property market faring amid the “new normal” that resulted from the COVID-19 outbreak? ...
While social distancing regulations have begun to ease and the property market is showing glimpses of recovery, Right Property Group’s Vic...
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
