Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Property investors enjoyed capital gains of 4.47% over the last 12 months in PROSPECT VALE, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 2.88% growth over a ten-year period. It ranks 2608th on our list of suburbs that property investors should look into.
PROSPECT VALE, 7250 has a capital gain of 4.47% for the past year, which is lower than average compared to its 23.13% growth within a five-year period.
With the median home price in PROSPECT VALE sitting at $403,250, and the average rent at $375, property owners could potentially earn a 4.84% 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 | $403,250 | $330,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.69% | 1.54% |
| Median 12 month | 4.47% | 3.45% |
| Median 3 years | 13.59% | 28.4% |
| Median 5 years | 23.13% | 45.05% |
| 10 years average annual | 2.88% | 3.13% |
| Weekly media advert. rent | $375 | $330 |
| Time on Market | 34.3 days | 79.1 days |
| Gross Rental Yield Percent | 4.84% | 5.2% |
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