Advantages of a buyer’s agent in a challenging market
As the property market continues to show strong growth due to undersupply, low credit and a strong case of FOMO, it is becoming tougher for ...
Property investors have seen a 0.76% gain in NORWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NORWOOD, 7250 saw average growth in the long term.
The TAS 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 $363,500
Profits averaged 5.75% per annum over a 3-year period, due to an upward trend in home prices in NORWOOD, 7250.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 5.44%.
An average of 5.83 real estate transactions take place per month in NORWOOD which translates to 70 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $363,500 | $223,090 |
| GROWTH REPORT | ||
| Median Quarterly | 0.76% | -7.05% |
| Median 12 month | -4.34% | -18.58% |
| Median 3 years | 17.26% | N/A |
| Median 5 years | 17.45% | N/A |
| 10 years average annual | 2.6% | -2.99% |
| Weekly media advert. rent | $380 | $280 |
| Time on Market | 50.5 days | 0.0 days |
| Gross Rental Yield Percent | 5.44% | 6.53% |
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