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 $190,000.
The upward trend in home prices in CRESSY, 7302 averaged 3.38% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in CRESSY.
An average of 1.25 real estate transactions take place per month in CRESSY which translates to 15 per annum.
15 properties were sold in CRESSY in 2016, making it the 147th most active market in TAS based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.04%||N/A|
|Median 3 years||10.14%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||8.77%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||73.9 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|