Giving property investors a an average capital gain of 6.40% for the last year, Warrane, 7018 is the 2190th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Warrane has given property investors a paper return of 0.19%. This puts Suburb as 130 on a list of fastest fasting appreciating suburbs in TAS
Vendor discounting in Warrane is giving property investors an average Vendor Discount of around -5.28%. This puts suburb at number 101th in TAS when ranking the most discounted suburbs.
Warrane, 7018’s gross rental yield is 6.40%
Warrane, 7018 ranked 30th in TAS when comparing growth in median property values or capital gain over the last 12 months. Warrane is one of 606 in our list for TAS
Across a shorter period, Warrane, 7018 has seen a median price increase of 4.00% over the last quarter.
At number 25th of TAS’s most discounted properties, Warrane is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $350 mark per week – giving a return of 6.36% based on the median price in Suburb
Warrane is just 5km east of the Hobart CBD, across the Derwent River. It’s a former Housing Commission suburb which has had something of a rocky reputation in the past: however, it’s becoming increasingly popular for younger buyers looking for affordable housing and property investors. Full summary
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Warrane is just 5km east of the Hobart CBD, across the Derwent River. It’s a former Housing Commission suburb which has had something of a rocky reputation in the past: however, it’s becoming increasingly popular for younger buyers looking for affordable housing and property investors.
Matthew Carn, director of Raine & Horne Eastern Shore, reckons the suburb attracts three types of investor: small-scale developers, renovators and those looking for an affordable investment.
“One of the strengths of the suburb is the size of the blocks its houses are built upon: these are typically around 800 square metres in size,” says Carn. “What many investors are doing is buying a property, chopping the block in two and building a unit on the back of the block.”
The predominance of older-style weatherboard houses also means much of the area is ripe for renovation, he adds.
While the area is largely residential, neighbouring Rosny Park has “all the services you could need”, according to Carn: it’s also well-located on the Tasman Highway, with commutes to the CBD taking less than 10 minutes. As the suburb is quite long and narrow, it’s difficult to stray too far from the highway, adds Carn. Instead, he recommends seeking out properties that are as close to the amenities and employment opportunities of Rosny Park as possible.