INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: How hype can hinder good investment decisions
There’s no shortage of information in the media speculating on the state of the Australian property market, but Right Property Group’s V...
NEWSTEAD, 7250 ranks 1110th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.74% for property investors.
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 $452,500.
The upward trend in home prices in NEWSTEAD, 7250 averaged 7.43% per annum over a 3-year period.
Average weekly rents on listings have reached the $365 mark, reflecting a 4.19% increase in returns based on the current median price in NEWSTEAD.
An average of 8.58 real estate transactions take place per month in NEWSTEAD which translates to 103 per annum.
103 properties were sold in NEWSTEAD in 2016, making it the 178th most active market in TAS based on total real estate transactions.
NEWSTEAD, 7250 places 105th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $452,500 | $332,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.56% | 4.72% |
| Median 12 month | 7.74% | 23.15% |
| Median 3 years | 22.3% | 24.3% |
| Median 5 years | 31.16% | 75% |
| 10 years average annual | 3.96% | 6.04% |
| Weekly media advert. rent | $365 | $300 |
| Time on Market | 49.5 days | 53.6 days |
| Gross Rental Yield Percent | 4.19% | 4.69% |
There’s no shortage of information in the media speculating on the state of the Australian property market, but Right Property Group’s V...
The number of homes expected to go under the hammer across the combined capital cities is expected to rise 24 per cent week-on-week. ...
Australia’s most vulnerable people are likely to be suffering from high energy costs, with a research hub calling for minimum energy stand...
Applying for a mortgage pre-approval can be a real boost for anyone looking to purchase property – but it’s important that would-be home...
Based off anecdotal accounts, the property industry is gearing up for a strong spring season: here are the biggest property stories from thi...
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment