Giving property investors a an average capital gain of 5.66% for the last year, Old Beach, 7017 is the 1669th highest performer in Australia in this respect.
Comparing Old Beach,7017 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Old Beach, 7017 is offering TAS ‘s 71th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
In the last year 66 properties changed hands in Old Beach, which puts it as the 37th most active market in TAS when comparing the number of sales per suburb.
Old Beach is 55th on a list of best yielding suburbs for rents in TAS with a 5.39% return
TAS has seen average median house prices change by 11.63% which means that Old Beach, 7017 has done well for property investors by showing a capital gain of 7.12% over the last year
If we look at median property appreciation over just the last three months, Old Beach has given property investors a paper return of 4.58%. This puts Suburb as 14 on a list of fastest fasting appreciating suburbs in TAS
Property buyers and investors in Old Beach 7017 should be seeing an average reduction in asking price of around -1.50% . This means that Old Beach is holding prices well when compared to other suburbs in TAS.
Housing supply in the suburb of Old Beach nosedives by nearly 50% in the 12 months leading up to March 2018Full summary
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Housing stock plummets in Hobart suburb
Median house price: $400,000
Stock on market: -59.6%
12-month growth: 3.9%
Housing supply in the suburb of Old Beach nosedives by nearly 50% in the 12 months leading up to March 2018.
The number of houses on the market went from 51 in March 2017 to just 18 one year later. As a suburb of Hobart, Old Beach seems to be following the city’s overall trend of tightening supply – a strategy that has been paying off given the consistent pattern of growth reported since 2013. Even then, houses remain affordable at a median price of $400,000.
Houses stay on the market for less than 60 days; although this doesn’t indicated an incredibly strong level of demand, it is relatively balanced. In addition, rental returns for investors are high at 5.1%.
Old Beach is situated next to the Derwent River. It is also just 7km from the Baskerville Raceway.Close