Property investors enjoyed capital gains of 12.61% over the last 12 months in DELORAINE, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in DELORAINE are high, as opposed to average gains per annum over the past five years.
The suburb posted a 4.48% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $260 based on current median home prices for the suburb.
On average, rents on listings have reached the $260 mark, reflecting a 5.04% increase in returns based on the current median price in DELORAINE.
DELORAINE, 7304 ranks 77th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 76th on the list of best yielding suburbs for rental properties in TAS, posting a 5.04% return.
Property investors have seen a -4.44% drop in DELORAINE based on a decrease in median home prices for the past three months.
DELORAINE, 7304 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 $215,000.
The gross rental yield in DELORAINE, 7304 is 0%.
An average of 1.08 real estate transactions take place per month in DELORAINE which translates to 13 per annum.
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