Property investors who have had real estate in Claremont, 7011 should be relatively 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 5.41%
Across a shorter period, Claremont, 7011 has seen a median price increase of 3.99% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -5.38. This rate of discount on properties puts Suburb at number 31th in terms of most discounted suburbs in TAS
At number 19 in a list of fastest selling suburbs, Claremont is in the TOP 10% of suburbs in Australia with an average of days on market 25.4512 for properties listed there.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 4.72%.
Claremont has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.12% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Claremont has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.19%, investors should hope to achieve an overall return of 5.74%