Property investors have seen a 1.62% gain in LONGFORD based on an increase in median home prices for the past three months.
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 $282,000
Profits averaged 4.27% 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 $300 based on current median home prices for the suburb.
The gross rental yield in LONGFORD, 7301 is 5.53%.
An average of 5.67 real estate transactions take place per month in LONGFORD which translates to 68 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.49%||8.54%|
|Median 3 years||12.8%||8.54%|
|Median 5 years||12.8%||16.95%|
|10 years average annual||1.4%||6.6%|
|Weekly media advert. rent||$300||$255|
|Time on Market||50.6 days||77.4 days|
|Gross Rental Yield Percent||5.53%||5.09%|
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