Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
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 $182,000.
COOEE now ranks at the 162nd 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 COOEE 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 $270 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 COOEE, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in COOEE during the past year, making it the 188th most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $182,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.7% | N/A |
| Median 12 month | -13.33% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 1.11% | N/A |
| 10 years average annual | 7.13% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 7.71% | N/A |
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