Moonah is in the bottom 30% in TAS when comparing median price capital growth over the last year. Moonah gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.96%.
Comparing Moonah,7009 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -5.87% is being offered, which puts this TAS suburb at 2157th most discounted overall in Australia.
At number 89th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 10% with a property value increase of 17.40% recorded in median house prices.
Across a shorter period, Moonah, 7009 has seen a median price increase of 7.39% over the last quarter.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
With the median price for a house in Moonah being $336944 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 5.02%
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Double-digit growth trend continues
Median house price: $434,000
Three-year growth: 52.3%
Rental yield: 5.0%
Located 5km north of Hobart, the suburb of Moonah is a working-class suburb that has gradually become more gentrified as Tasmania continues its rise up the ranks of the national property market.
Following a steady trend of double-digit growth since February 2014, the median house price has reached $434,000. Such properties are also being snatched up almost as quickly as they enter the market.
Moonah’s proximity to the capital is a big drawing card, and the establishment of a shopping hub has added life to the commercial centre, with retail stores, restaurants and offices. A local farmer’s market regularly displays great local produce, and residents can enjoy the many parklands and gardens in the suburb on their downtime. Families with children also have a good selection of schools to choose from.