TAS/
Summerhill

Suburb Profile

Summerhill - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

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unit

Property investors enjoyed capital gains of 9.26% over the last 12 months in SUMMERHILL, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in SUMMERHILL are high, as opposed to average gains per annum over the past five years.

The suburb posted a 10.9% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.

On average, rents on listings have reached the $310 mark, reflecting a 5.46% increase in returns based on the current median price in SUMMERHILL.

SUMMERHILL, 7250 ranks 97th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 54th on the list of best yielding suburbs for rental properties in TAS, posting a 5.46% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $295,000 $237,000
GROWTH REPORT
Median Quarterly 5.17% N/A
Median 12 month 9.26% N/A
Median 3 years 10.9% N/A
Median 5 years 18% -10.23%
10 years average annual 2.12% N/A
Weekly media advert. rent $310 $250
Time on Market 40.6 days 63.9 days
Gross Rental Yield Percent 5.46% 5.49%
demographics (median values)
Total Population
2944
Weekly Household Income
850.2
Household Size
2.50
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Summerhill, TAS
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