Property investors enjoyed capital gains of 17.43% over the last 12 months in SCOTTSDALE, translating to lower returns compared with its peers in TAS.
The suburb posted a 8.16% 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 $240 based on current median home prices for the suburb.
On average, rents on listings have reached the $240 mark, reflecting a 6.07% increase in returns based on the current median price in SCOTTSDALE.
SCOTTSDALE, 7260 ranks 43rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 31st on the list of best yielding suburbs for rental properties in TAS, posting a 6.07% return.
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