Old Beach has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.01% to date .
While Old Beach,7017 ranked number 44th in TAS for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.
Property investors looking for a bargain in Old Beach should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.
Old Beach, 7017’s gross rental yield is 5.02%
Sellers are offering property buyers an average discount of -4.20% to buyers in Old Beach at the moment, which is less than average for the rest of TAS.
The TAS suburb of Old Beach, 7017 is in the Brighton local government area.