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...
A 15.89% increase in median property prices in SPREYTON, 7310 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 51st.
A steady increase in median property prices over a five-year period in the suburb translates to a 34.82% capital gain.
It also 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 $437,500
The augmented property values in the suburb are trailing above the territorial average of 10.34% in 2016.
Home owners selling their properties and realtors in SPREYTON usually have to wait an average of 72.7 days days before their assets are lifted off the market.
The TAS suburb ranks 142nd on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
It also places places 13th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $437,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 11.75% | N/A |
| Median 12 month | 15.89% | N/A |
| Median 3 years | 34.82% | N/A |
| Median 5 years | 60.7% | N/A |
| 10 years average annual | 5.61% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 72.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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