With a capital gain of 21.86% for the last 12 months, North Hobart, 7000 has performed for property investments than its average annual 7.72% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Hobart has increased when compared to the 5 year average annual rate.
Often selling an investment property can take time, and in North Hobart the average time real estate has been on the market is 23.9565 days.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 7.72%.
Property value increases in North Hobart have tracked higher than the TAS average of 8.44% over the last 12 months.
North Hobart,7000 has offered an average of 41.48% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
A $485 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 9.91%.