Based on its average 5-year and quarterly capital gains OLD BEACH, 7017 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that OLD BEACH, 7017 obtained a 3.17% growth over a ten-year period. It ranks 2418th on our list of suburbs that property investors should look into.
OLD BEACH, 7017 in TAS belongs to the local government area of Brighton.
OLD BEACH, 7017 has a capital gain of 4.44% for the past year, which is higher than average compared to its 18.52% growth within a five-year period.
With the median home price in OLD BEACH sitting at $400,000, and the average rent at $392.5, property owners could potentially earn a 5.1% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in OLD BEACH are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in OLD BEACH, 7017 translates to a 16.37% capital gain.
Property investors enjoyed capital gains of 0.52% over the last 12 months in OLD BEACH, translating to lower returns compared with its peers in TAS.
OLD BEACH, 7017 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 $291,500.
Profits due to an upward trend in home prices in OLD BEACH, 7017 averaged 5.46% per annum over a 3-year period.
Home owners selling their properties and realtors in OLD BEACH usually have to wait an average of 89.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in OLD BEACH.
OLD BEACH, 7017 places 24th in Australia based on median property value growth during the quarter.