A 14.26% increase in median property prices in MIDWAY POINT, 7171 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 59th.
A steady increase in median property prices over a five-year period in the suburb translates to a 24.46% 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 $348,500
The augmented property values in the suburb are trailing above the territorial average of 7.93% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $350.
Home owners selling their properties and realtors in MIDWAY POINT usually have to wait an average of 41.1 days days before their assets are lifted off the market.
The TAS suburb ranks 70th on the list of best yielding suburbs for rental properties in TAS, posting a 5.22% return.
It also places places 87th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 19.08% over the last 12 months in MIDWAY POINT, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that MIDWAY POINT, 7171 obtained a 7.75% growth over a ten-year period. It ranks 197th on our list of suburbs that property investors should look into.
With the median home price in MIDWAY POINT sitting at $259,000, and the average rent at $290, property owners could potentially earn a 5.82% increase in gross rental yield.
A 19.08% increase in median property prices in MIDWAY POINT, 7171 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 13th.
MIDWAY POINT, 7171 in TAS belongs to the local government area of Sorell.