House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
A steady increase in median property prices over a five-year period in the suburb translates to a 29.31% 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 $375,000
The augmented property values in the suburb are trailing behind the territorial average of 10.51% in 2016.
Home owners selling their properties and realtors in BICHENO usually have to wait an average of 73.7 days days before their assets are lifted off the market.
The TAS suburb ranks 142nd on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
It also places places 142nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $375,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.45% | N/A |
| Median 12 month | 7.14% | N/A |
| Median 3 years | 29.31% | N/A |
| Median 5 years | 56.25% | N/A |
| 10 years average annual | 3.95% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 73.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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