Over the last year, property investments in Claremont, 7011 have given investors a capital gain of -3.17%. This compares badly with the 3.72% for TAS as a whole.
If we look at median property appreciation over just the last three months, Claremont has given property investors a paper return of -1.14%. This puts Suburb as 116 on a list of fastest fasting appreciating suburbs in TAS
Our latest figures would indicate that property sellers in Claremont are currently offering property investors an average price cut of -5.06% below the asking price at the moment.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
At number 736th in the list of Australian suburbs ordered by increase in median house value over the last year, Claremont, 7011 is in the top half with a property value increase of 4.42% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Claremont has fallen somewhat when compared to the 5 year average annual rate.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Claremont itself are offering an average vendor discount of -6.88% to real estate investors.
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.86%, investors should hope to achieve an overall return of 6.88%