TAS has seen average median house prices change by 11.04% which means that Miandetta, 7310 has done well for property investors by showing a capital gain of 6.81% over the last year
The five-year average increase in median property values for Miandetta,7310 has given property investors a potential capital gain of 23.27% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Miandetta is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in TAS
Property investors should expect to get $310 weekly from the median priced house in this suburb.
It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018Full summary
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Median house price: $279,500
Vacancy rate: 0.4% (from 1.7%)
Three-year growth: 11.8%
It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018.
This was a significant fall from last year’s figure, which, at 1.7%, was alreading indicative of the suburb’s rising popularity. The housing market in Miandetta saw prices increase by 7.5% in the same period, while remaining very affordable at a median value of under $280,000. On average, landlords charge rents of $290 per week to reap a yield of 5.4%.
Situated in the city of Devonport on Tasmania’s north coast, Miandetta is primarily a residential area. It is popular with families, being home to Miandetta Primary School, and the suburb is also the site of several reserves.Close