Are landlords being left high and dry by insurers?
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
Subscribe to our newsletter
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 3.09% growth over a ten-year period. It ranks 3148th 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 1.02% for the past year, which is lower than average compared to its 30.19% growth within a five-year period.
With the median home price in PROSPECT sitting at $345,000, and the average rent at $330, 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 1.02% 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 90th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $345,000 | $245,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.43% | -2% |
| Median 12 month | 1.02% | -25.64% |
| Median 3 years | 26.37% | -14.19% |
| Median 5 years | 30.19% | -17.51% |
| 10 years average annual | 3.09% | 1.06% |
| Weekly media advert. rent | $330 | $290 |
| Time on Market | 47.3 days | 48.2 days |
| Gross Rental Yield Percent | 4.97% | 6.16% |
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
Investors who are concerned they will be priced out of Sydney are being advised to look a little further out, with Sydney’s surrounding su...
The deadline for the mandatory registration of private pools and spas in Victoria has been extended due to the coronavirus pandemic. ...
Why Australians could be given $50,000, how to terminate a tenancy, and the need for a stamp duty plan: Here are some of the biggest stories...
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
