Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $379,000.
The upward trend in home prices in NEWSTEAD, 7250 averaged 3.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 4.66% increase in returns based on the current median price in NEWSTEAD.
An average of 9.58 real estate transactions take place per month in NEWSTEAD which translates to 115 per annum.
115 properties were sold in NEWSTEAD in 2016, making it the 182nd most active market in TAS based on total real estate transactions.
NEWSTEAD, 7250 places 111th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $379,000 | $248,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.07% | -2.75% |
| Median 12 month | 2.43% | -7.29% |
| Median 3 years | 11.31% | 34.05% |
| Median 5 years | 26.54% | 43.77% |
| 10 years average annual | 3.46% | 4.64% |
| Weekly media advert. rent | $340 | $210 |
| Time on Market | 47.6 days | 89.8 days |
| Gross Rental Yield Percent | 4.66% | 4.4% |
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
The new Western Sydney Airport is set to bring investors new opportunities, a homebuilder has suggested, with the surrounding ‘Aerotropoli...
An informed property investor is a smart property investor, with one property expert stating preparation is the key to a successful investme...
Landlords are often blamed for affordability issues, but one property expert and property investor refutes this, arguing that landlords can ...
Financial advisers are not as in-demand as other professionals in the property investment landscape, but experts believe that they are just ...
New data has revealed the top 50 regions across the country that experienced the highest increase in dwelling values over the last year, as ...