Investment property in Stieglitz has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.72%
LACK OF BUYER INTEREST may well be the reason that Stieglitz is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in TAS
Often selling an investment property can take time, and in Stieglitz the average time real estate has been on the market is 176.94 days.
A $245 per week rent on the median house gives suburb investors a gross yield of circa 5.50%, without taking into account capital value appreciation, which has been averaging out at 3.24%.