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Opossum Bay

Suburb Profile

Opossum Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7023

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Homeowners and real estate investors betting on OPOSSUM BAY, 7023 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 13.86%.

A steady increase in median property prices over a five-year period in the suburb translates to a 51.32% capital gain.

Property investors in OPOSSUM BAY enjoyed capital gains of 13.86% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also 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 $575,000.

Profits due to an upward trend in home prices there averaged 17.11% per annum over a 3-year period.

Home owners selling their properties and realtors in OPOSSUM BAY usually have to wait an average of 30.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $595 mark, reflecting a 5.38% increase in returns based on the current median price in OPOSSUM BAY.

OPOSSUM BAY, 7023 places 132nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $575,000 N/A
GROWTH REPORT
Median Quarterly -0.86% N/A
Median 12 month 13.86% N/A
Median 3 years 51.32% N/A
Median 5 years 45.57% N/A
10 years average annual 11.55% N/A
Weekly media advert. rent $595 N/A
Time on Market 30.3 days N/A
Gross Rental Yield Percent 5.38% N/A
demographics (median values)
Total Population
303
Weekly Household Income
777.7
Household Size
2.30
demographics
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