‘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...
ZEEHAN, 7469 ranks 698th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.33% for property investors.
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 $85,000.
The upward trend in home prices in ZEEHAN, 7469 averaged 13.89% per annum over a 3-year period.
Average weekly rents on listings have reached the $157.5 mark, reflecting a 9.64% increase in returns based on the current median price in ZEEHAN.
An average of 2.08 real estate transactions take place per month in ZEEHAN which translates to 25 per annum.
25 properties were sold in ZEEHAN in 2016, making it the 103rd most active market in TAS based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $85,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 13.33% | N/A |
| Median 3 years | 41.67% | N/A |
| Median 5 years | 19.72% | N/A |
| 10 years average annual | -3.77% | N/A |
| Weekly media advert. rent | $157.5 | N/A |
| Time on Market | 96.5 days | N/A |
| Gross Rental Yield Percent | 9.64% | N/A |
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