Property investors have seen a 2.75% 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 $318,000
Profits averaged 1.88% 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 $350 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 5.72%.
An average of 4.92 real estate transactions take place per month in NORWOOD which translates to 59 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.25%||N/A|
|Median 3 years||5.65%||N/A|
|Median 5 years||-1.24%||N/A|
|10 years average annual||1.3%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||63.0 days||N/A|
|Gross Rental Yield Percent||5.72%||N/A|