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 9.09% for the past year.
Investors saw the median home price rise to $300,000.
Profits due to an upward trend in home prices in the suburb averaged 1.75% per annum over a 3-year period.
YOUNGTOWN now ranks at the 48th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $310 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 57.1 days.
In 2016, 71 properties were sold in YOUNGTOWN during the past year, making it the 25th most active market in TAS based on total real estate transactions.
YOUNGTOWN ranks 1st in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
YOUNGTOWN, 7249 ranks 2nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 47.25% for property investors last year.
With the median home price in YOUNGTOWN sitting at $268,000, and the average rent at $257.5, property owners could potentially earn a 5% increase in gross rental yield.
Property investors have seen a 5.1% gain in YOUNGTOWN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on YOUNGTOWN, 7249 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 47.25%.
A survey of average capital gains or median home price increase in suburbs across the country shows that YOUNGTOWN, 7249 obtained a 12.82% growth over a ten-year period. It ranks 1325th on our list of suburbs that property investors should look into.