‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
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 3.29% growth over a ten-year period. It ranks 2253rd 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 7.57% for the past year, which is higher than average compared to its 25.74% growth within a five-year period.
With the median home price in OLD BEACH sitting at $422,500, and the average rent at $430, property owners could potentially earn a 5.29% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $422,500 | $309,250 |
| GROWTH REPORT | ||
| Median Quarterly | 3.05% | 4.83% |
| Median 12 month | 7.57% | 7.38% |
| Median 3 years | 26.12% | N/A |
| Median 5 years | 25.74% | 16.26% |
| 10 years average annual | 3.29% | 1.55% |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 33.5 days | 19.7 days |
| Gross Rental Yield Percent | 5.29% | N/A |
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