Based on its average 5-year and quarterly capital gains BELLERIVE, 7018 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 BELLERIVE, 7018 obtained a 3.79% growth over a ten-year period. It ranks 2041st on our list of suburbs that property investors should look into.
BELLERIVE, 7018 in TAS belongs to the local government area of Clarence.
BELLERIVE, 7018 has a capital gain of 15.67% for the past year, which is higher than average compared to its 44.55% growth within a five-year period.
With the median home price in BELLERIVE sitting at $524,000, and the average rent at $430, property owners could potentially earn a 4.27% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BELLERIVE are low, as opposed to average gains per annum over the past five years.
A 15.67% increase in median property prices in BELLERIVE, 7018 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 49th.
A steady increase in median property prices over a five-year period in BELLERIVE, 7018 translates to a 20.14% capital gain.
Property investors enjoyed capital gains of 9.68% over the last 12 months in BELLERIVE, translating to lower returns compared with its peers in TAS.
BELLERIVE, 7018 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 $340,000.
Profits due to an upward trend in home prices in BELLERIVE, 7018 averaged 6.71% per annum over a 3-year period.
Home owners selling their properties and realtors in BELLERIVE usually have to wait an average of 19.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $327.5 mark, reflecting a 5.01% increase in returns based on the current median price in BELLERIVE.
BELLERIVE, 7018 places 10th in Australia based on median property value growth during the quarter.