How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
ULVERSTONE, 7315 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 ULVERSTONE, 7315 values up and netting property investors a capital gain of 10.04% for the past year.
Investors saw the median home price rise to $285,000.
Profits due to an upward trend in home prices in the suburb averaged 5.44% per annum over a 3-year period.
ULVERSTONE now ranks at the 78th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ULVERSTONE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $290 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ULVERSTONE, homes and units usually stay on listing for an average of 76.9 days.
In 2016, 128 properties were sold in ULVERSTONE during the past year, making it the 9th most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $285,000 | $239,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.07% | 0% |
| Median 12 month | 10.04% | -4.4% |
| Median 3 years | 16.33% | 6.22% |
| Median 5 years | 23.11% | -1.24% |
| 10 years average annual | 2.45% | 1.16% |
| Weekly media advert. rent | $290 | $250 |
| Time on Market | 76.9 days | 75.7 days |
| Gross Rental Yield Percent | 5.29% | 5.44% |
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