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Property investors have seen a 4.62% gain in LONGFORD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LONGFORD, 7301 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 27.69%.
Based on its average 5-year and quarterly capital gains LONGFORD, 7301 saw average growth in the long term.
The TAS 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 $498,000
Profits averaged 21.54% per annum over a 3-year period, due to an upward trend in home prices in LONGFORD, 7301.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in LONGFORD, 7301 is 4.49%.
An average of 6.75 real estate transactions take place per month in LONGFORD which translates to 81 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.69%||-2.7%|
|Median 3 years||64.63%||-1.82%|
|Median 5 years||87.75%||16.13%|
|10 years average annual||7.32%||-0.34%|
|Weekly media advert. rent||$430||N/A|
|Time on Market||26.5 days||37.0 days|
|Gross Rental Yield Percent||4.49%||N/A|