Penguin

Suburb Profile

Penguin - FREE SUBURB PROFILE REPORT

POSTAL CODE: TAS,7316

house

PENGUIN, 7316 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 PENGUIN, 7316 values up and netting property investors a capital gain of 7.04% for the past year.

Investors saw the median home price rise to $289,000.

Profits due to an upward trend in home prices in the suburb averaged 1.7% per annum over a 3-year period.

PENGUIN now ranks at the 69th 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 PENGUIN are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $280 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 PENGUIN, homes and units usually stay on listing for an average of 109.6 days.

In 2016, 96 properties were sold in PENGUIN during the past year, making it the 1st most active market in TAS based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$289,000	N/A
GROWTH REPORT
Median Quarterly	3.21%	N/A
Median 12 month	7.04%	N/A
Median 3 years	5.09%	N/A
Median 5 years	4.14%	N/A
10 years average annual	1.55%	N/A
Weekly media advert. rent	$280	N/A
Time on Market	109.6 days	N/A
Gross Rental Yield Percent	5.04%	N/A