Property investors who have had real estate in Tranmere, 7018 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 11.47%
Tranmere,7018 was ranked 2047 in Australia by increase in median property value over the quarter.
At number 153th of TAS’s most discounted properties, Tranmere is in the TOP 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Tranmere being $605000 and the advertised rent reaching $417.5 the gross rental yield for property investors calculates out to be 3.59%
If you compare the increase in value of investment property in Tranmere, 7018 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -12.64%.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.75% offered to property buyers. Sellers in Tranmere itself are offering an average vendor discount of -3.88% to real estate investors.