Property investors have seen a 6.58% 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 $340,000
Profits averaged 2.79% 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 $330 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 5.05%.
An average of 5.75 real estate transactions take place per month in NORWOOD which translates to 69 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.68%||N/A|
|Median 3 years||8.37%||N/A|
|Median 5 years||6.92%||N/A|
|10 years average annual||1.71%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||71.3 days||N/A|
|Gross Rental Yield Percent||5.05%||N/A|