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As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Figures from the previous quarter show that capital gains for real estate buyers in SOUTH ARM are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
On average, rents on listings have reached the $390 mark, reflecting a 4.43% increase in returns based on the current median price in SOUTH ARM.
SOUTH ARM, 7022 ranks 173rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 102nd on the list of best yielding suburbs for rental properties in TAS, posting a 4.43% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $457,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.19% | N/A |
| Median 12 month | -10.29% | N/A |
| Median 3 years | 21.84% | N/A |
| Median 5 years | 30.71% | N/A |
| 10 years average annual | 3.37% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 54.4 days | N/A |
| Gross Rental Yield Percent | 4.43% | N/A |
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