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Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
Property investors enjoyed capital gains of 15.38% over the last 12 months in LATROBE, 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 3.77% growth over a ten-year period. It ranks 2204th on our list of suburbs that property investors should look into.
LATROBE, 7307 has a capital gain of 15.38% for the past year, which is higher than average compared to its 58.23% growth within a five-year period.
With the median home price in LATROBE sitting at $375,000, and the average rent at $330, property owners could potentially earn a 4.58% increase in gross rental yield.
A 15.38% increase in median property prices in LATROBE, 7307 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 52nd.
Figures from the previous quarter show that capital gains for real estate buyers in LATROBE are low, as opposed to average gains per annum over the past five years.
LATROBE, 7307 in TAS belongs to the local government area of Latrobe (M) (Tas.).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.38%||8.57%|
|Median 3 years||37.87%||28%|
|Median 5 years||58.23%||14.72%|
|10 years average annual||3.77%||2.94%|
|Weekly media advert. rent||$330||$270|
|Time on Market||73.4 days||77.0 days|
|Gross Rental Yield Percent||4.58%||4.62%|