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Property investors have seen a -0.41% drop in CAMBRIDGE based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on CAMBRIDGE, 7170 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 10.39%.
Based on its average 5-year and quarterly capital gains CAMBRIDGE, 7170 saw average growth in the long term.
The TAS suburb 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 $916,250
Profits averaged -1.67% per annum over a 3-year period, due to an downward trend in home prices in CAMBRIDGE, 7170.
This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
The gross rental yield in CAMBRIDGE, 7170 is N/A.
An average of 1.75 real estate transactions take place per month in CAMBRIDGE which translates to 21 per annum.
Cambridge is a rapidly growing suburb located approximately 14 kilometres northeast of Hobart, Tasmania. It is situated near the Hobart International Airport, providing residents with convenient access to both domestic and international travel options. The suburb is known for its blend of residential, commercial, and industrial areas, making it a dynamic and diverse community.
The population of Cambridge is around 1,200 residents, according to the latest census data. The demographic profile of the suburb includes a mix of families, professionals, and retirees, contributing to a balanced and vibrant community atmosphere. The area is particularly appealing to those who appreciate the convenience of living close to the airport and major roadways.
Cambridge falls under the jurisdiction of the Clarence City Council. Public transportation in the suburb is well-developed, with regular bus services connecting Cambridge to Hobart's CBD and other nearby areas. This accessibility is beneficial for commuters and those who frequently travel to the city for work or leisure.
In terms of nearby establishments, Cambridge is well-served by a variety of amenities. The suburb is home to the Cambridge Primary School, which provides educational services to the local community. For shopping and everyday essentials, residents can visit the Cambridge Centre, a large retail complex that includes a range of stores, supermarkets, and dining options. Additionally, the nearby Hobart International Airport offers various retail and dining facilities.
Cambridge is also known for its parks and recreational facilities, providing residents with ample opportunities for outdoor activities. The Coal River Valley, located nearby, is a popular destination for wine enthusiasts, featuring numerous vineyards and wineries. The area offers scenic views and a range of outdoor activities, including hiking, cycling, and picnicking.
The community spirit in Cambridge is strong, with various local events and activities organised throughout the year. These events help foster a sense of belonging and provide residents with opportunities to engage with one another. The suburb's close-knit community and active local groups contribute to a supportive and friendly environment.
Cambridge's combination of suburban convenience, proximity to the airport, and access to Hobart's amenities makes it an attractive location for a wide range of residents. Its growing population and development, coupled with the availability of quality schools, shopping centres, and recreational facilities, enhance its appeal as a prime residential suburb. The suburb's vibrant community spirit and strategic location further contribute to its charm and desirability.