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A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 1.76% growth over a ten-year period. It ranks 3342nd on our list of suburbs that property investors should look into.
PROSPECT VALE, 7250 has a capital gain of 0% for the past year, which is lower than average compared to its 16.67% growth within a five-year period.
With the median home price in PROSPECT VALE sitting at $350,000, and the average rent at $350, property owners could potentially earn a 5.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PROSPECT VALE are low, as opposed to average gains per annum over the past five years.
PROSPECT VALE, 7250 in TAS belongs to the local government area of Meander Valley (M).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | $277,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.78% | 11.56% |
| Median 12 month | 0% | 9.25% |
| Median 3 years | 7.69% | 20.65% |
| Median 5 years | 16.67% | 18.09% |
| 10 years average annual | 1.76% | 2.54% |
| Weekly media advert. rent | $350 | $260 |
| Time on Market | 48.3 days | 91.7 days |
| Gross Rental Yield Percent | 5.2% | 4.87% |
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