Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Based on its average 5-year and quarterly capital gains DEVONPORT, 7310 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that DEVONPORT, 7310 obtained a 1.77% growth over a ten-year period. It ranks 3138th on our list of suburbs that property investors should look into.
DEVONPORT, 7310 in TAS belongs to the local government area of Devonport (C).
DEVONPORT, 7310 has a capital gain of 4.53% for the past year, which is higher than average compared to its 21.62% growth within a five-year period.
With the median home price in DEVONPORT sitting at $277,000, and the average rent at $300, property owners could potentially earn a 5.63% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DEVONPORT are low, as opposed to average gains per annum over the past five years.
A 4.53% increase in median property prices in DEVONPORT, 7310 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 99th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $277,000 | $247,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.73% | 0.61% |
| Median 12 month | 4.53% | 9.03% |
| Median 3 years | 21.49% | 17.02% |
| Median 5 years | 21.62% | 5.32% |
| 10 years average annual | 1.77% | 0.97% |
| Weekly media advert. rent | $300 | $240 |
| Time on Market | 64.3 days | 78.3 days |
| Gross Rental Yield Percent | 5.63% | 5.04% |
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