How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Property investors enjoyed capital gains of 14.38% over the last 12 months in ORFORD, 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 7.66% growth over a ten-year period. It ranks 680th on our list of suburbs that property investors should look into.
ORFORD, 7190 has a capital gain of 14.38% for the past year, which is higher than average compared to its 60.58% growth within a five-year period.
A 14.38% increase in median property prices in ORFORD, 7190 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 73rd.
Figures from the previous quarter show that capital gains for real estate buyers in ORFORD are low, as opposed to average gains per annum over the past five years.
ORFORD, 7190 in TAS belongs to the local government area of Glamorgan/Spring Bay (M).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $417,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.6% | N/A |
| Median 12 month | 14.38% | N/A |
| Median 3 years | 39.17% | N/A |
| Median 5 years | 60.58% | N/A |
| 10 years average annual | 7.66% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 57.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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