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Gagebrook
AREA REPORTS

Gagebrook

Gagebrook - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7030

house

Property investments in GAGEBROOK fare well against the rest of the country last year, registering a median home price increase of 13.98%.

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

Based on its average 5-year and quarterly capital gains GAGEBROOK, 7030 saw average growth in the long term.

Real estate investors could earn a rental income of $320 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 14.6 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 $265,000.

GAGEBROOK ranks 12th on the list of best yielding suburbs for rental properties in TAS, posting a 6.28% return.

Data report can be found below

Gagebrook
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $265,000 N/A
GROWTH REPORT
Median Quarterly 0.47% N/A
Median 12 month 13.98% N/A
Median 3 years 56.34% N/A
Median 5 years 106.23% N/A
10 years average annual 10.85% N/A
Weekly media advert. rent $320 N/A
Time on Market 14.6 days N/A
Gross Rental Yield Percent 6.28% N/A
demographics (median values)*
Total Population
17404
Weekly Household Income
1042
Household Size
2.60
Age
35
Monthly Loan Repayment
1269
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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