Property investors who have had real estate in Old Beach, 7017 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.32%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Old Beach has increased when compared to the 5 year average annual rate.
Old Beach7017 is located in TAS which offers an average discount of -7.18% to property investors. Old Beach itself is showing figures that indicate -5.39% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
Advertised rents are around the $372.5 mark per week – giving a return of 5.24% based on the median price in Suburb
Comparing Old Beach,7017 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Old Beach is giving property investors an average Vendor Discount of around -5.96%. This puts suburb at number 21th in TAS when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Old Beach the average time real estate has been on the market is 134.4 days.