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Property investors enjoyed capital gains of 31.96% over the last 12 months in BROOKLYN, translating to lower returns compared with its peers in TAS.
The suburb posted a 64.5% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $317.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $317.5 mark, reflecting a 5.44% increase in returns based on the current median price in BROOKLYN.
BROOKLYN, 7320 ranks 63rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 11th on the list of best yielding suburbs for rental properties in TAS, posting a 5.44% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.96%||N/A|
|Median 3 years||64.5%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||14.3%||N/A|
|Weekly media advert. rent||$317.5||N/A|
|Time on Market||16.1 days||N/A|
|Gross Rental Yield Percent||5.44%||N/A|