Over the last year, property investments in Mowbray, 7248 have given investors a capital gain of 6.61%. This compares averagely with the 6.96% for TAS as a whole.
While Mowbray,7248 ranked number 71th in TAS for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.
Property investors looking for a bargain in Mowbray should be aiming for at least -4.43% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Mowbray being $258000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 6.15%
Mowbray has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 18.36% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Mowbray comes in at number 1st in TAS.
Vendor discounting in Mowbray is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 17th in TAS when ranking the most discounted suburbs.
Advertised rents are around the $270 mark per week – giving a return of 5.73% based on the median price in Suburb