‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Based on its average 5-year and quarterly capital gains ROMAINE, 7320 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that ROMAINE, 7320 obtained a 1.63% growth over a ten-year period. It ranks 3299th on our list of suburbs that property investors should look into.
ROMAINE, 7320 in TAS belongs to the local government area of Burnie.
ROMAINE, 7320 has a capital gain of 11.2% for the past year, which is higher than average compared to its -2.33% growth within a five-year period.
With the median home price in ROMAINE sitting at $293,000, and the average rent at $320, property owners could potentially earn a 5.68% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ROMAINE are high, as opposed to average gains per annum over the past five years.
A 11.2% increase in median property prices in ROMAINE, 7320 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 94th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $293,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 11.2% | N/A |
| Median 3 years | 5.59% | N/A |
| Median 5 years | -2.33% | N/A |
| 10 years average annual | 1.63% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 101.6 days | N/A |
| Gross Rental Yield Percent | 5.68% | N/A |
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