FORTH, 7310 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 $350,000.
Profits due to an upward trend in home prices in the suburb averaged 3.01% per annum over a 3-year period.
FORTH now ranks at the 165th place on a list of fastest growing suburbs in the territory.
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 97.1 days.
In 2016, 15 properties were sold in FORTH during the past year, making it the 146th most active market in TAS based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||N/A|
|Median 3 years||9.03%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||0.95%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||97.1 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|