Over the last year, property investments in Moonah, 7009 have given investors a capital gain of 0.00%. This compares badly with the 5.97% for TAS as a whole.
While Moonah,7009 ranked number 130th in TAS for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
The most recent median price for Moonah is $435000, with sellers offering an average of -5.29% off the asking price.
At number 42th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 10% with a property value increase of 26.32% recorded in median house prices.
Moonah,7009 has offered an average of 26.32% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.53%, investors should hope to achieve an overall return of 4.62%
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.