Homeowners and real estate investors betting on HADSPEN, 7290 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 10.73%.
A steady increase in median property prices over a five-year period in the suburb translates to a 13.27% capital gain.
Property investors in HADSPEN enjoyed capital gains of 10.73% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $320,000.
Profits due to an upward trend in home prices there averaged 4.42% per annum over a 3-year period.
Home owners selling their properties and realtors in HADSPEN usually have to wait an average of 72.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $325 mark, reflecting a 5.28% increase in returns based on the current median price in HADSPEN.
Property investors in HADSPEN enjoyed capital gains of 30.21% over the last 12 months translating to lower returns compared with its peers in the territory.
HADSPEN posted a 58.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $197.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $197.5 mark, reflecting a 4.11% increase in returns based on the current median price in HADSPEN.
HADSPEN, 7290 ranks 3rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
HADSPEN ranks 61st on the list of best yielding suburbs for rental properties in TAS, posting a 4.11% return.
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