Property value increases in Lenah Valley have tracked just higher than the TAS average of 12.21% over the last 12 months.
Over the longer term, Lenah Valley has seen property prices show investors a 36.20% return over the last 3 years. This is worse than over the last 12 months
Lenah Valley, 7008 is offering TAS ‘s 124th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.31%, investors should hope to achieve an overall return of 4.24%
At number 124th in the list of Australian suburbs ordered by increase in median house value over the last year, Lenah Valley, 7008 is in the top 10% with a property value increase of 21.15% recorded in median house prices.
Over the longer term, Lenah Valley has seen property prices show investors a 43.73% return over the last 3 years. This is worse than over the last 12 months
Lenah Valley, 7008 is offering TAS ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this TAS.
At number 3 in a list of fastest selling suburbs, Lenah Valley is in the TOP 10% of suburbs in Australia with an average of days on market 13.96 for properties listed there.
Advertised rents are around the $337.5 mark per week – giving a return of 4.64% based on the median price in Suburb
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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.Full summary
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.
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