Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 33.9% over the last 12 months in HERDSMANS COVE, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 12.86% growth over a ten-year period. It ranks 3692nd on our list of suburbs that property investors should look into.
HERDSMANS COVE, 7030 has a capital gain of 33.9% for the past year, which is lower than average compared to its 186% growth within a five-year period.
With the median home price in HERDSMANS COVE sitting at $357,500, and the average rent at $380, property owners could potentially earn a 5.53% increase in gross rental yield.
A 33.9% increase in median property prices in HERDSMANS COVE, 7030 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 54th.
Figures from the previous quarter show that capital gains for real estate buyers in HERDSMANS COVE are low, as opposed to average gains per annum over the past five years.
HERDSMANS COVE, 7030 in TAS belongs to the local government area of Brighton (M).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||33.9%||N/A|
|Median 3 years||70.24%||N/A|
|Median 5 years||186%||N/A|
|10 years average annual||12.86%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||5.53%||N/A|