TAS/
Invermay

Suburb Profile

Invermay - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7248

house
unit

Property investments in INVERMAY fare well against the rest of the country last year, registering a median home price increase of 2.17%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains INVERMAY, 7248 saw average growth in the long term.

Real estate investors could earn a rental income of $280 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 69.2 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $235,000.

INVERMAY ranks 34th on the list of best yielding suburbs for rental properties in TAS, posting a 6.2% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $235,000 $250,000
GROWTH REPORT
Median Quarterly 5.62% N/A
Median 12 month 2.17% N/A
Median 3 years 10.59% N/A
Median 5 years 6.82% N/A
10 years average annual 2.92% N/A
Weekly media advert. rent $280 $300
Time on Market 69.2 days 0.0 days
Gross Rental Yield Percent 6.2% 6.24%
demographics (median values)
Total Population
3117
Weekly Household Income
609.2
Household Size
2.10
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