Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
Property investors have seen a 16.67% gain in STRAHAN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on STRAHAN, 7468 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 31.25%.
Based on its average 5-year and quarterly capital gains STRAHAN, 7468 saw average growth in the long term.
The TAS suburb 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 $210,000
Profits averaged 2.66% per annum over a 3-year period, due to an upward trend in home prices in STRAHAN, 7468.
This means, real estate investors could earn a rental income of $230 based on current median home prices for the suburb.
The gross rental yield in STRAHAN, 7468 is 5.7%.
An average of 1.42 real estate transactions take place per month in STRAHAN which translates to 17 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $210,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 16.67% | N/A |
| Median 12 month | 31.25% | N/A |
| Median 3 years | 7.97% | N/A |
| Median 5 years | -16% | N/A |
| 10 years average annual | 4.07% | N/A |
| Weekly media advert. rent | $230 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.7% | N/A |
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