Lenah Valley, 7008 ranked 83th 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
Lenah Valley,7008 was ranked 1312 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Lenah Valley is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 41th in terms of most discounted suburbs in TAS
At number 64 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 33.8 for properties listed there.
The TAS suburb of Lenah Valley, 7008 is in the Hobart (C) local government area.
Giving property investors a an unimpressive capital gain of -5.95% for the last year, Lenah Valley, 7008 is the 1143th highest performer in Australia in this respect.
The five-year average increase in median property values for Lenah Valley,7008 has given property investors a potential capital gain of 49.34% across each of those five years.
At number 1 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 12.8889 for properties listed there.
Lenah Valley is 29th on a list of best yielding suburbs for rents in TAS with a 5.20% return
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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.