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AREA REPORTS

Hillcrest

Hillcrest - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7320

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A 28.07% increase in median property prices in HILLCREST, 7320 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 13th.

A steady increase in median property prices over a five-year period in the suburb translates to a 34.29% capital gain.

It also 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 $235,000

The augmented property values in the suburb are trailing above the territorial average of 10.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $270.

Home owners selling their properties and realtors in HILLCREST usually have to wait an average of 66.3 days days before their assets are lifted off the market.

The TAS suburb ranks 17th on the list of best yielding suburbs for rental properties in TAS, posting a 5.97% return.

It also places places 16th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $235,000 N/A
GROWTH REPORT
Median Quarterly 10.59% N/A
Median 12 month 28.07% N/A
Median 3 years 34.29% N/A
Median 5 years 46.88% N/A
10 years average annual 3.51% N/A
Weekly media advert. rent $270 N/A
Time on Market 66.3 days N/A
Gross Rental Yield Percent 5.97% N/A
demographics (median values)
Total Population
1071
Weekly Household Income
624.8
Household Size
2.20
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