What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
Based on its average 5-year and quarterly capital gains PROSPECT, 7250 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PROSPECT, 7250 obtained a 3.97% growth over a ten-year period. It ranks 2041st on our list of suburbs that property investors should look into.
PROSPECT, 7250 in TAS belongs to the local government area of Launceston (C).
PROSPECT, 7250 has a capital gain of 8.23% for the past year, which is lower than average compared to its 43.43% growth within a five-year period.
With the median home price in PROSPECT sitting at $355,000, and the average rent at $339, property owners could potentially earn a 4.97% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PROSPECT are low, as opposed to average gains per annum over the past five years.
A 8.23% increase in median property prices in PROSPECT, 7250 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 87th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $355,000 | $250,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.9% | -3.1% |
| Median 12 month | 8.23% | -26.36% |
| Median 3 years | 32.22% | -9.75% |
| Median 5 years | 43.43% | -15.82% |
| 10 years average annual | 3.97% | 1.31% |
| Weekly media advert. rent | $339 | $295 |
| Time on Market | 51.3 days | 52.4 days |
| Gross Rental Yield Percent | 4.97% | 6.14% |
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The latest data from CoreLogic has depicted a strong finish for December when it comes to homes going under the hammer. ...
Over the past year, Brisbane has become the “safe choice” for property investors looking to avoid the negative impacts of the declines i...
While the 2019 calendar year was lacklustre for the Perth property market, Momentum Wealth believes that the Western Australia capital is pr...
Hobart has come out on top in new data analysis that also showed that nationwide, almost nine out of 10 property resales over the September ...
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
Get notifications in real-time for staying up to date with content that matters to you.