Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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Property investors enjoyed capital gains of 12.83% over the last 12 months in SHEFFIELD, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 4.26% growth over a ten-year period. It ranks 1875th on our list of suburbs that property investors should look into.
SHEFFIELD, 7306 has a capital gain of 12.83% for the past year, which is higher than average compared to its 8.73% growth within a five-year period.
With the median home price in SHEFFIELD sitting at $299,000, and the average rent at $280, property owners could potentially earn a 4.87% increase in gross rental yield.
A 12.83% increase in median property prices in SHEFFIELD, 7306 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 47th.
Figures from the previous quarter show that capital gains for real estate buyers in SHEFFIELD are low, as opposed to average gains per annum over the past five years.
SHEFFIELD, 7306 in TAS belongs to the local government area of Kentish (M).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $299,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.55% | N/A |
| Median 12 month | 12.83% | N/A |
| Median 3 years | 37.16% | N/A |
| Median 5 years | 8.73% | N/A |
| 10 years average annual | 4.26% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 108.8 days | N/A |
| Gross Rental Yield Percent | 4.87% | N/A |
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