At number 688th in the list of Australian suburbs ordered by increase in median house value over the last year, Miandetta, 7310 is in the top 20% with a property value increase of 12.45% recorded in median house prices.
Across a shorter period, Miandetta, 7310 has seen a median price increase of 6.43% over the last quarter.
At number 110th of TAS’s most discounted properties, Miandetta is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 41 properties changed hands in Miandetta, which puts it as the 73th most active market in TAS when comparing the number of sales per suburb.
Property investors should expect to get $315 weekly from the median priced house in this suburb.
It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018Full summary
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Median house price: $279,500
Vacancy rate: 0.4% (from 1.7%)
Three-year growth: 11.8%
It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018.
This was a significant fall from last year’s figure, which, at 1.7%, was alreading indicative of the suburb’s rising popularity. The housing market in Miandetta saw prices increase by 7.5% in the same period, while remaining very affordable at a median value of under $280,000. On average, landlords charge rents of $290 per week to reap a yield of 5.4%.
Situated in the city of Devonport on Tasmania’s north coast, Miandetta is primarily a residential area. It is popular with families, being home to Miandetta Primary School, and the suburb is also the site of several reserves.Close