Property investors enjoyed capital gains of 9.63% over the last 12 months in PORT SORELL, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in PORT SORELL are low, as opposed to average gains per annum over the past five years.
The suburb posted a 20.13% 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 $290 based on current median home prices for the suburb.
On average, rents on listings have reached the $290 mark, reflecting a 4.08% increase in returns based on the current median price in PORT SORELL.
PORT SORELL, 7307 ranks 93rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 109th on the list of best yielding suburbs for rental properties in TAS, posting a 4.08% return.
Property investors have seen a 1.45% gain in PORT SORELL based on an increase in median home prices for the past three months.
PORT SORELL, 7307 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 $245,000.
The gross rental yield in PORT SORELL, 7307 is 0%.
An average of 0.92 real estate transactions take place per month in PORT SORELL which translates to 11 per annum.
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