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 9.76% for the past year.
Investors saw the median home price rise to $360,000.
Profits due to an upward trend in home prices in the suburb averaged 6.34% per annum over a 3-year period.
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 63.6 days.
In 2016, 31 properties were sold in RANELAGH during the past year, making it the 79th most active market in TAS based on total real estate transactions.
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