TAS has seen average median house prices change by 9.08% which means that Moonah, 7009 has done well for property investors by showing a capital gain of 0.56% over the last year
Across a shorter period, Moonah, 7009 has seen a median price increase of 2.06% over the last quarter.
At number 258th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 20% with a property value increase of 10.72% recorded in median house prices.
If we look at median property appreciation over just the last three months, Moonah has given property investors a paper return of -1.42%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in TAS
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 3.51%.
Information supplied by:
Median House Price: $435,000
Current Yield (houses): 5.1%
Average annual growth (houses): 5.8%
Median Unit Price: $328,694
Current Yield (units): 5.1%
Average annual growth (units): 3.5%
A few minutes’ drive north of the Hobart CBD, the suburb of Moonah has long been a growing market, with both houses and units achieving strong, steady increases in price over the last five years.
In fact, the average annual growth rate for houses comes in at nearly 6%, but despite the sustained growth, this market remains quite affordable, with the median value coming in at under $450,000. The average yield is very attractive as well at 5.1%, suggesting that this is a great investment.