Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors enjoyed capital gains of 41.38% over the last 12 months in MOWBRAY, 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 7.86% growth over a ten-year period. It ranks 968th on our list of suburbs that property investors should look into.
MOWBRAY, 7248 has a capital gain of 41.38% for the past year, which is higher than average compared to its 99.63% growth within a five-year period.
With the median home price in MOWBRAY sitting at $410,000, and the average rent at $380, property owners could potentially earn a 4.82% increase in gross rental yield.
A 41.38% increase in median property prices in MOWBRAY, 7248 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 15th.
Figures from the previous quarter show that capital gains for real estate buyers in MOWBRAY are low, as opposed to average gains per annum over the past five years.
MOWBRAY, 7248 in TAS belongs to the local government area of Launceston (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||41.38%||9.68%|
|Median 3 years||68.03%||53.85%|
|Median 5 years||99.63%||74.81%|
|10 years average annual||7.86%||17.22%|
|Weekly media advert. rent||$380||$300|
|Time on Market||25.8 days||23.8 days|
|Gross Rental Yield Percent||4.82%||4.59%|