Housing finance records continue to tumble
Australian housing loan commitment has reached another record high in January, rising by 10.5 per cent in the last month alone, official fig...
A steady increase in median property prices over a five-year period in the suburb translates to a 21.08% 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 $448,000
The augmented property values in the suburb are trailing behind the territorial average of 10.34% in 2016.
Home owners selling their properties and realtors in BICHENO usually have to wait an average of 103.3 days days before their assets are lifted off the market.
The TAS suburb ranks 177th on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
It also places places 42nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $448,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.67% | N/A |
| Median 12 month | 6.67% | N/A |
| Median 3 years | 21.08% | N/A |
| Median 5 years | 62.91% | N/A |
| 10 years average annual | 6.16% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 103.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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