Latrobe has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -2.28% to date .
Latrobe,7307 was ranked 1605 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Latrobe itself are offering an average vendor discount of -4.81% to real estate investors.
Often selling an investment property can take time, and in Latrobe the average time real estate has been on the market is 75.6207 days.
With the median price for a house in Latrobe being $300000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.03%
Over the last year, property investments in Latrobe, 7307 have given investors a capital gain of 8.22%. This compares favourably with the 2.66% for TAS as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Latrobe has increased when compared to the 5 year average annual rate.
Latrobe, 7307 is offering TAS ‘s 19th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.
Often selling an investment property can take time, and in Latrobe the average time real estate has been on the market is 78.7917 days.
Advertised rents are around the $262.5 mark per week – giving a return of 5.06% based on the median price in Suburb