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 10.84% 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 6.26% growth over a ten-year period. It ranks 867th on our list of suburbs that property investors should look into.
ORFORD, 7190 has a capital gain of 10.84% for the past year, which is higher than average compared to its 50% growth within a five-year period.
A 10.84% 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 85th.
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 | $450,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.27% | N/A |
| Median 12 month | 10.84% | N/A |
| Median 3 years | 28.39% | N/A |
| Median 5 years | 50% | N/A |
| 10 years average annual | 6.26% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 74.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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