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Youngtown

Suburb Profile

Youngtown - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7249

house
unit

YOUNGTOWN, 7249 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in TAS have risen as a whole, pulling YOUNGTOWN, 7249 values up and netting property investors a capital gain of 9.78% for the past year.

Investors saw the median home price rise to $376,000.

Profits due to an upward trend in home prices in the suburb averaged 8.1% per annum over a 3-year period.

YOUNGTOWN now ranks at the 125th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $385 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In YOUNGTOWN, homes and units usually stay on listing for an average of 34.3 days.

In 2016, 76 properties were sold in YOUNGTOWN during the past year, making it the 16th most active market in TAS based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $376,000 $317,000
GROWTH REPORT
Median Quarterly 0.27% 0%
Median 12 month 9.78% 32.08%
Median 3 years 24.3% 21.22%
Median 5 years 43.51% 81.14%
10 years average annual 3.03% -3.62%
Weekly media advert. rent $385 $270
Time on Market 34.3 days 0.0 days
Gross Rental Yield Percent 5.32% 4.43%
demographics (median values)
Total Population
3681
Weekly Household Income
897.3
Household Size
2.40
demographics
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