If you compare the increase in value of investment property in Moonah, 7009 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.51%.
Comparing Moonah,7009 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Moonah itself are offering an average vendor discount of -6.11% to real estate investors.
Often selling an investment property can take time, and in Moonah the average time real estate has been on the market is 30.5814 days.
Situated 5.16km from the CBD, Moonah is one of Glenorchy (C) localities in the postcode 7009.
Moonah, 7009 ranked 9th in TAS when comparing growth in median property values or capital gain over the last 12 months. Moonah is one of 606 in our list for TAS
Moonah,7009 has offered an average of 19.08% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Moonah the average time real estate has been on the market is 28.381 days.
Advertised rents are around the $320 mark per week – giving a return of 4.74% based on the median price in Suburb
Information supplied by:
Median House Price: $435,000
Current Yield (houses): 5.1%
Average annual growth (houses): 5.8%
Median Unit Price: $328,694
Current Yield (units): 5.1%
Average annual growth (units): 3.5%
A few minutes’ drive north of the Hobart CBD, the suburb of Moonah has long been a growing market, with both houses and units achieving strong, steady increases in price over the last five years.
In fact, the average annual growth rate for houses comes in at nearly 6%, but despite the sustained growth, this market remains quite affordable, with the median value coming in at under $450,000. The average yield is very attractive as well at 5.1%, suggesting that this is a great investment.