Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
FORTH, 7310 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in TAS have risen as a whole, pulling FORTH, 7310 values up and netting property investors a capital gain of 34.24% for the past year.
Investors saw the median home price rise to $545,000.
Profits due to an upward trend in home prices in the suburb averaged 18.94% per annum over a 3-year period.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FORTH, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 10 properties were sold in FORTH during the past year, making it the 182nd most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 34.24% | N/A |
| Median 3 years | 56.83% | N/A |
| Median 5 years | 57.97% | N/A |
| 10 years average annual | 7.46% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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