Property investors have seen a -3.57% drop in LONGFORD based on a decrease 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 $270,000
Profits averaged 4.56% 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 $280 based on current median home prices for the suburb.
The gross rental yield in LONGFORD, 7301 is 5.39%.
An average of 6.92 real estate transactions take place per month in LONGFORD which translates to 83 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.37%||0%|
|Median 3 years||13.68%||-2.08%|
|Median 5 years||10.32%||N/A|
|10 years average annual||1.53%||6.63%|
|Weekly media advert. rent||$280||$255|
|Time on Market||100.9 days||83.2 days|
|Gross Rental Yield Percent||5.39%||5.64%|