House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
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 0.97% growth over a ten-year period. It ranks 3538th on our list of suburbs that property investors should look into.
DEVONPORT, 7310 in TAS belongs to the local government area of Devonport.
DEVONPORT, 7310 has a capital gain of 6.38% for the past year, which is higher than average compared to its 8.7% growth within a five-year period.
With the median home price in DEVONPORT sitting at $250,000, and the average rent at $275, property owners could potentially earn a 5.72% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $250,000 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -2.71% |
| Median 12 month | 6.38% | -1.83% |
| Median 3 years | 7.76% | -1.15% |
| Median 5 years | 8.7% | 5.13% |
| 10 years average annual | 0.97% | -0.06% |
| Weekly media advert. rent | $275 | $235 |
| Time on Market | 82.3 days | 105.4 days |
| Gross Rental Yield Percent | 5.72% | 5.68% |
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