ACTON PARK, 7170 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,175,500.
Profits due to an downward trend in home prices in the suburb averaged -4.24% per annum over a 3-year period.
ACTON PARK now ranks at the 145th 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 ACTON PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of N/A based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ACTON PARK, homes and units usually stay on listing for an average of 46.4 days.
In 2016, 20 properties were sold in ACTON PARK during the past year, making it the 112th most active market in TAS based on total real estate transactions.