Old Beach has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 16.21% to date .
While Old Beach,7017 ranked number 90th in TAS for increase in median house value (annualised) increase, it is ranked 55th over the last 5 years.
Old Beach, 7017 is offering TAS ‘s 121th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
In the last year 78 properties changed hands in Old Beach, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.
Situated 13.02km from the CBD, Old Beach is one of Brighton localities in the postcode 7017.
With a capital gain of 5.65% for the last 12 months, Old Beach, 7017 has performed for property investments than its average annual 1.08% property growth over the last 5 years.
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.
Sellers are offering property buyers an average discount of -4.27% to buyers in Old Beach at the moment, which is less than average for the rest of TAS.