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Smithton

Suburb Profile

Smithton - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7330

house

SMITHTON, 7330 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in TAS have risen as a whole, pulling SMITHTON, 7330 values up and netting property investors a capital gain of 16.71% for the past year.

Investors saw the median home price rise to $220,000.

Profits due to an upward trend in home prices in the suburb averaged 3.7% per annum over a 3-year period.

SMITHTON now ranks at the th 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 SMITHTON 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 $255 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 SMITHTON, homes and units usually stay on listing for an average of 134.3 days.

In 2016, 96 properties were sold in SMITHTON during the past year, making it the 1st most active market in TAS based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $220,000 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 16.71% N/A
Median 3 years 11.11% N/A
Median 5 years 7.84% N/A
10 years average annual 2.04% N/A
Weekly media advert. rent $255 N/A
Time on Market 134.3 days N/A
Gross Rental Yield Percent 6.03% N/A
demographics (median values)
Total Population
4201
Weekly Household Income
800.2
Household Size
2.50
demographics
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