RANELAGH, 7109 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in TAS have risen as a whole, pulling RANELAGH, 7109 values up and netting property investors a capital gain of 21.17% for the past year.
Investors saw the median home price rise to $395,000.
Profits due to an upward trend in home prices in the suburb averaged 8.97% per annum over a 3-year period.
RANELAGH now ranks at the 22nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RANELAGH are high, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RANELAGH, homes and units usually stay on listing for an average of 74.2 days.
In 2016, 29 properties were sold in RANELAGH during the past year, making it the 91st most active market in TAS based on total real estate transactions.
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