Commercial v residential investments
As someone who has invested extensively in both residential and commercial property, I have seen both sides of the fence when it comes to in...
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 $830,000.
Profits due to an upward trend in home prices in the suburb averaged 3.56% per annum over a 3-year period.
ACTON PARK now ranks at the 138th 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 42.2 days.
In 2016, 31 properties were sold in ACTON PARK during the past year, making it the 71st most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $830,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.48% | N/A |
| Median 12 month | -1.19% | N/A |
| Median 3 years | 10.67% | N/A |
| Median 5 years | 28.68% | N/A |
| 10 years average annual | 3.73% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 42.2 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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