COOEE, 7320 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 $202,500.
Profits due to an downward trend in home prices in the suburb averaged -4.61% per annum over a 3-year period.
COOEE now ranks at the 157th 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 COOEE, homes and units usually stay on listing for an average of 64.5 days.
In 2016, 20 properties were sold in COOEE during the past year, making it the 121st most active market in TAS based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||-13.83%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||N/A||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||64.5 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|