Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
ACTON PARK, 7170 delivered a stronger 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 ACTON PARK, 7170 values up and netting property investors a capital gain of 17.29% for the past year.
Investors saw the median home price rise to $1,029,250.
Profits due to an upward trend in home prices in the suburb averaged 9.82% per annum over a 3-year period.
ACTON PARK now ranks at the 51st 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.
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 36.7 days.
In 2016, 23 properties were sold in ACTON PARK during the past year, making it the 105th most active market in TAS based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.29%||N/A|
|Median 3 years||29.47%||N/A|
|Median 5 years||66.01%||N/A|
|10 years average annual||6.37%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||36.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|