Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
Property investors have seen a 3.94% gain in RISDON VALE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on RISDON VALE, 7016 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 20.56%.
Based on its average 5-year and quarterly capital gains RISDON VALE, 7016 saw average growth in the long term.
The TAS suburb 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 $237,500
Profits averaged 13.51% per annum over a 3-year period, due to an upward trend in home prices in RISDON VALE, 7016.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in RISDON VALE, 7016 is 7.23%.
An average of 5.25 real estate transactions take place per month in RISDON VALE which translates to 63 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $237,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.94% | N/A |
| Median 12 month | 20.56% | N/A |
| Median 3 years | 40.53% | N/A |
| Median 5 years | 39.3% | N/A |
| 10 years average annual | 3.62% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 19.3 days | N/A |
| Gross Rental Yield Percent | 7.23% | N/A |
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