TAS has seen average median house prices change by 11.04% which means that Moonah, 7009 has done well for property investors by showing a capital gain of 18.86% over the last year
If we look at median property appreciation over just the last three months, Moonah has given property investors a paper return of 0.93%. This puts Suburb as 121 on a list of fastest fasting appreciating suburbs in TAS
Our latest figures would indicate that property sellers in Moonah are currently offering property investors an average price cut of -4.30% below the asking price at the moment.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
Property investors who have had real estate in Moonah, 7009 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.31%
Over the longer term, Moonah has seen property prices show investors a 26.41% return over the last 3 years. This is worse than over the last 12 months
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