Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 43.84% over the last 12 months in ROSE BAY, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 8.03% growth over a ten-year period. It ranks 511th on our list of suburbs that property investors should look into.
ROSE BAY, 7015 has a capital gain of 43.84% for the past year, which is higher than average compared to its 84.91% growth within a five-year period.
With the median home price in ROSE BAY sitting at $735,000, and the average rent at $497.5, property owners could potentially earn a 3.52% increase in gross rental yield.
A 43.84% increase in median property prices in ROSE BAY, 7015 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 1st.
Figures from the previous quarter show that capital gains for real estate buyers in ROSE BAY are high, as opposed to average gains per annum over the past five years.
ROSE BAY, 7015 in TAS belongs to the local government area of Clarence.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||43.84%||N/A|
|Median 3 years||66.1%||N/A|
|Median 5 years||84.91%||N/A|
|10 years average annual||8.03%||N/A|
|Weekly media advert. rent||$497.5||N/A|
|Time on Market||28.5 days||N/A|
|Gross Rental Yield Percent||3.52%||N/A|
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