‘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 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 5.7% growth over a ten-year period. It ranks 1374th 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 33.11% for the past year, which is higher than average compared to its 52% growth within a five-year period.
With the median home price in BELLERIVE sitting at $608,000, and the average rent at $460, property owners could potentially earn a 3.93% 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 33.11% 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 10th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $608,000 | $384,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.9% | 2.4% |
| Median 12 month | 33.11% | 23.87% |
| Median 3 years | 45.54% | 29.08% |
| Median 5 years | 52% | 31.28% |
| 10 years average annual | 5.7% | 5.57% |
| Weekly media advert. rent | $460 | $347.5 |
| Time on Market | 28.5 days | 19.2 days |
| Gross Rental Yield Percent | 3.93% | 4.71% |
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