Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 $227,500.
Profits due to an upward trend in home prices in the suburb averaged 5.56% 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 0.0 days.
In 2016, 14 properties were sold in COOEE during the past year, making it the 140th most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $227,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -8.63% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 16.67% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -0.47% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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