TAS/
Warrane

Suburb Profile

Warrane - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7018

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Property investments in WARRANE fare well against the rest of the country last year, registering a median home price increase of 13.24%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WARRANE, 7018 saw average growth in the long term.

Real estate investors could earn a rental income of $345 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 14.2 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $295,000.

WARRANE ranks 34th on the list of best yielding suburbs for rental properties in TAS, posting a 6.08% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $295,000 $293,500
GROWTH REPORT
Median Quarterly 7.27% 2.8%
Median 12 month 13.24% 5.58%
Median 3 years 31.11% N/A
Median 5 years 35.32% 27.06%
10 years average annual 3.16% -1.16%
Weekly media advert. rent $345 $350
Time on Market 14.2 days 24.0 days
Gross Rental Yield Percent 6.08% 6.2%
demographics (median values)
Total Population
2200
Weekly Household Income
559.8
Household Size
2.40
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Warrane, TAS
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