Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
ST LEONARDS, 7250 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in TAS have risen as a whole, pulling ST LEONARDS, 7250 values up and netting property investors a capital gain of 21.79% for the past year.
Investors saw the median home price rise to $285,000.
Profits due to an upward trend in home prices in the suburb averaged 7.97% per annum over a 3-year period.
ST LEONARDS now ranks at the 87th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ST LEONARDS are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ST LEONARDS, homes and units usually stay on listing for an average of 70.5 days.
In 2016, 33 properties were sold in ST LEONARDS during the past year, making it the 75th most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $285,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.15% | N/A |
| Median 12 month | 21.79% | N/A |
| Median 3 years | 23.91% | N/A |
| Median 5 years | 22.06% | N/A |
| 10 years average annual | 4.02% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 70.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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