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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $122,500.
The upward trend in home prices in ZEEHAN, 7469 averaged 15.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $227.5 mark, reflecting a 9.66% increase in returns based on the current median price in ZEEHAN.
An average of 2.25 real estate transactions take place per month in ZEEHAN which translates to 27 per annum.
27 properties were sold in ZEEHAN in 2016, making it the 84th most active market in TAS based on total real estate transactions.
ZEEHAN, 7469 places 143rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.36%||N/A|
|Median 3 years||46.71%||N/A|
|Median 5 years||104.17%||N/A|
|10 years average annual||6.62%||N/A|
|Weekly media advert. rent||$227.5||N/A|
|Time on Market||105.5 days||N/A|
|Gross Rental Yield Percent||9.66%||N/A|