Where Hobart house prices are heading, according to ANZ
In the ANZ’s latest report, Australian housing: a strong 2021, the bank’s economists forecast a buoyant year ahead for the Hobart housin...
The suburb’s capital gain of -18.98% for the past year is lower than average compared to its 25.24% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,985,000, and the average rent at $825, this suggests property owners could potentially earn a 2.16% increase in gross rental yield.
Property investors have seen a -6.59% drop in PORTSEA based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.09% growth over a ten-year period. It ranks 1467th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,985,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.59% | N/A |
| Median 12 month | -18.98% | N/A |
| Median 3 years | 6.72% | N/A |
| Median 5 years | 25.24% | N/A |
| 10 years average annual | 5.09% | N/A |
| Weekly media advert. rent | $825 | N/A |
| Time on Market | 105.1 days | N/A |
| Gross Rental Yield Percent | 2.16% | N/A |
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