Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
ZEEHAN, 7469 ranks 42nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 38.12% for property investors.
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 $125,000.
The upward trend in home prices in ZEEHAN, 7469 averaged 17.48% per annum over a 3-year period.
Average weekly rents on listings have reached the $210 mark, reflecting a 8.74% increase in returns based on the current median price in ZEEHAN.
An average of 1.92 real estate transactions take place per month in ZEEHAN which translates to 23 per annum.
23 properties were sold in ZEEHAN in 2016, making it the 100th most active market in TAS based on total real estate transactions.
ZEEHAN, 7469 places 137th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $125,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.57% | N/A |
| Median 12 month | 38.12% | N/A |
| Median 3 years | 52.44% | N/A |
| Median 5 years | 131.48% | N/A |
| 10 years average annual | 7.17% | N/A |
| Weekly media advert. rent | $210 | N/A |
| Time on Market | 116.1 days | N/A |
| Gross Rental Yield Percent | 8.74% | N/A |
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