Property value increases in Moonah have tracked higher than the TAS average of 11.42% over the last 12 months.
The five-year average increase in median property values for Moonah,7009 has given property investors a potential capital gain of 52.38% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Moonah, 7009. Typically our figures indicate that -7.89% is being offered, which puts this TAS suburb at 699th most discounted overall in Australia.
Moonah, 7009’s gross rental yield is 5.10%
TAS has seen average median house prices change by 11.63% which means that Moonah, 7009 has done well for property investors by showing a capital gain of 7.34% over the last year
Across a shorter period, Moonah, 7009 has seen a median price increase of 2.02% over the last quarter.
Property investors looking for a bargain in Moonah should be aiming for at least -3.01% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
Sitting directly north of the suburb of New Town, Moonah is one of the suburbs that has been doing quite well as a result of Hobart’s booming market conditionsFull summary
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Hobart suburb keeps prices tight
Median unit price: $260,000
Three-year growth: 12.3%
Rental yield: 5.3%
Sitting directly north of the suburb of New Town, Moonah is one of the suburbs that has been doing quite well as a result of Hobart’s booming market conditions.
Unit prices in this suburb have increased steadily since 2013 – in the year leading up to March 2018, they rose by 5.1%. Even then, the median value is just above $250,000, and investors are making quick bids to stake claims here. As a result, apartments here are very affordable, while still having considerable growth potential as Hobart’s market continues to grow.
Moonah residents are close to amenities like the schools and shops in New Town. Moreover, the suburb is just about 5km from the CBD itself, which offer accessibility and convenience.Close