Investing overseas for the first time: How this investor will do it
After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...
HOWRAH, 7018 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in TAS have risen as a whole, pulling HOWRAH, 7018 values up and netting property investors a capital gain of 22.22% for the past year.
Investors saw the median home price rise to $550,000.
Profits due to an upward trend in home prices in the suburb averaged 16.42% per annum over a 3-year period.
HOWRAH now ranks at the 60th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in HOWRAH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HOWRAH, homes and units usually stay on listing for an average of 19.4 days.
In 2016, 140 properties were sold in HOWRAH during the past year, making it the 155th most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $375,379 |
| GROWTH REPORT | ||
| Median Quarterly | 3.77% | 1.45% |
| Median 12 month | 22.22% | 1.45% |
| Median 3 years | 49.25% | 30.91% |
| Median 5 years | 48.65% | 33.11% |
| 10 years average annual | 4.66% | 3.37% |
| Weekly media advert. rent | $450 | $360 |
| Time on Market | 19.4 days | 23.3 days |
| Gross Rental Yield Percent | 4.25% | 4.99% |
After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...
With the federal Coalition government winning another term, property investors will see three more years of the current government’s prope...
The banking regulator intends to revise borrower assessment guidelines, but what does this mean for investors and their portfolio? Accordin...
It could be easy to purchase a property without considering the risks or ramifications associated with flooding, particularly when real esta...
With the election now behind us, confidence is set to return to property markets as well as the economy in general. ...
2019 will be remembered as an interesting year for Australian real estate – and the period from May to July might prove the most consequen...
Get notifications in real-time for staying up to date with content that matters to you.