Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
A 25.74% increase in median property prices in DOVER, 7117 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 16th.
A steady increase in median property prices over a five-year period in the suburb translates to a 35.45% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $372,500
The augmented property values in the suburb are trailing above the territorial average of 10.34% in 2016.
Home owners selling their properties and realtors in DOVER usually have to wait an average of 60.0 days days before their assets are lifted off the market.
The TAS suburb ranks 183rd on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
It also places places 20th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $372,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.08% | N/A |
| Median 12 month | 25.74% | N/A |
| Median 3 years | 35.45% | N/A |
| Median 5 years | 33.04% | N/A |
| 10 years average annual | 4.9% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 60.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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