Housing costs drop to 10-year low
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
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 $430,000.
The upward trend in home prices in NEWSTEAD, 7250 averaged 11.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 4.47% increase in returns based on the current median price in NEWSTEAD.
An average of 8.17 real estate transactions take place per month in NEWSTEAD which translates to 98 per annum.
98 properties were sold in NEWSTEAD in 2016, making it the 2nd most active market in TAS based on total real estate transactions.
NEWSTEAD, 7250 places 53rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | $238,750 |
| GROWTH REPORT | ||
| Median Quarterly | 3.61% | -9.05% |
| Median 12 month | 13.46% | -11.57% |
| Median 3 years | 33.54% | 11.44% |
| Median 5 years | 26.47% | 20.28% |
| 10 years average annual | 5.46% | 2.88% |
| Weekly media advert. rent | $370 | $270 |
| Time on Market | 46.6 days | 26.7 days |
| Gross Rental Yield Percent | 4.47% | 5.88% |
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
New analysis by Propertyology has identified the capital cities where changing rental markets are prospering – and where they aren’t. ...
Upcoming auction activity is forecast to increase across the combined capital cities this weekend. What will be the busiest suburbs? ...
New figures showing Queensland has the highest unemployment rate will undermine property investment confidence in the sunshine state, accord...
A growing number of regions are reporting rental prices that are on par with mortgage repayments, reigniting the age-old question of whether...
Property investment is one of the biggest financial commitments anyone can make. As such, aspiring investors must be equipped with the knowl...
Get notifications in real-time for staying up to date with content that matters to you.