Forth

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 38.55% for the past year.

Investors saw the median home price rise to $562,500.

Profits due to an upward trend in home prices in the suburb averaged 20.62% per annum over a 3-year period.

FORTH now ranks at the 77th 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 0.0 days.

In 2016, 10 properties were sold in FORTH during the past year, making it the 183rd most active market in TAS based on total real estate transactions.