TAS has seen average median house prices change by 4.21% which means that Old Beach, 7017 has done well for property investors by showing a capital gain of 10.63% over the last year
Old Beach,7017 has offered an average of 10.63% 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 -7.06% offered to property buyers. Sellers in Old Beach itself are offering an average vendor discount of -5.51% to real estate investors.
In the last year 71 properties changed hands in Old Beach, which puts it as the 30th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.33%, investors should hope to achieve an overall return of 5.06%
Comparing Old Beach,7017 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 28th of TAS’s most discounted properties, Old Beach is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.