Old Beach is an average performer in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a average capital gain figure when compared to the rest of the state, with 8.33%.
Old Beach,7017 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Old Beach itself are offering an average vendor discount of -5.06% to real estate investors.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
With the median price for a house in Old Beach being $390000 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 5.03%
Old Beach is an average performer in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a average capital gain figure when compared to the rest of the state, with 5.41%.
Vendor discounting in Old Beach is giving property investors an average Vendor Discount of around -3.39%. This puts suburb at number 40th in TAS when ranking the most discounted suburbs.
At number 1403 in a list of fastest selling suburbs, Old Beach is in the bottom 10% of suburbs in Australia with an average of days on market 137.93 for properties listed there.
Situated 11.03km from the CBD, Old Beach is one of Brighton localities in the postcode 7017.