The 'nitty gritty' of property economics catching out property investors
One buyers agent is "constantly amazed" by the ongoing misconceptions in property investment about the underlying economics which dictate wh...
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 $80,000.
The upward trend in home prices in ZEEHAN, 7469 averaged 12.64% per annum over a 3-year period.
Average weekly rents on listings have reached the $155 mark, reflecting a 10.08% increase in returns based on the current median price in ZEEHAN.
An average of 2.33 real estate transactions take place per month in ZEEHAN which translates to 28 per annum.
28 properties were sold in ZEEHAN in 2016, making it the 95th most active market in TAS based on total real estate transactions.
ZEEHAN, 7469 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $80,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -0.93% | N/A |
| Median 3 years | 37.93% | N/A |
| Median 5 years | 23.08% | N/A |
| 10 years average annual | -4.99% | N/A |
| Weekly media advert. rent | $155 | N/A |
| Time on Market | 113.3 days | N/A |
| Gross Rental Yield Percent | 10.08% | N/A |
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