How a Hobart purchase set this investor up for a successful portfolio
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Property investors have seen a 1.39% gain in FORRESTFIELD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FORRESTFIELD, 6058 saw average growth in the long term.
The WA 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 $365,000
Profits averaged -2.14% per annum over a 3-year period, due to an downward trend in home prices in FORRESTFIELD, 6058.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in FORRESTFIELD, 6058 is 5.13%.
An average of 13.58 real estate transactions take place per month in FORRESTFIELD which translates to 163 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $365,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.39% | N/A |
| Median 12 month | -3.57% | N/A |
| Median 3 years | -6.41% | N/A |
| Median 5 years | -21.12% | N/A |
| 10 years average annual | -0.14% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 59.3 days | N/A |
| Gross Rental Yield Percent | 5.13% | N/A |
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