Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investors enjoyed capital gains of 14.82% 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 15.14% growth over a ten-year period. It ranks 3262nd on our list of suburbs that property investors should look into.
HERDSMANS COVE, 7030 has a capital gain of 14.82% for the past year, which is lower than average compared to its 117.39% growth within a five-year period.
With the median home price in HERDSMANS COVE sitting at $275,000, and the average rent at $340, property owners could potentially earn a 6.43% increase in gross rental yield.
A 14.82% 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 66th.
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||14.82%||N/A|
|Median 3 years||57.59%||N/A|
|Median 5 years||117.39%||N/A|
|10 years average annual||15.14%||N/A|
|Weekly media advert. rent||$340||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||6.43%||N/A|