Lenah Valley, 7008 ranked 33th in TAS when comparing growth in median property values or capital gain over the last 12 months. Lenah Valley is one of 606 in our list for TAS
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lenah Valley has increased when compared to the 5 year average annual rate.
Advertised rents are around the $400 mark per week – giving a return of 4.08% based on the median price in Suburb
With a capital gain of 8.39% for the last 12 months, Lenah Valley, 7008 has performed for property investments than its average annual 4.08% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Lenah Valley comes in at number 25th in TAS.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.