Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Property investors enjoyed capital gains of 29.52% over the last 12 months in DODGES FERRY, 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 the TAS suburb obtained a 6.4% growth over a ten-year period. It ranks 781st on our list of suburbs that property investors should look into.
DODGES FERRY, 7173 has a capital gain of 29.52% for the past year, which is higher than average compared to its 77.69% growth within a five-year period.
With the median home price in DODGES FERRY sitting at $430,000, and the average rent at $380, property owners could potentially earn a 4.6% increase in gross rental yield.
A 29.52% increase in median property prices in DODGES FERRY, 7173 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 10th.
Figures from the previous quarter show that capital gains for real estate buyers in DODGES FERRY are low, as opposed to average gains per annum over the past five years.
DODGES FERRY, 7173 in TAS belongs to the local government area of Sorell (M).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.88% | N/A |
| Median 12 month | 29.52% | N/A |
| Median 3 years | 50.88% | N/A |
| Median 5 years | 77.69% | N/A |
| 10 years average annual | 6.4% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 17.6 days | N/A |
| Gross Rental Yield Percent | 4.6% | N/A |
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