Miandetta is in the bottom 30% in TAS when comparing median price capital growth over the last year. Miandetta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.06%.
Over the longer term, Miandetta has seen property prices show investors a 16.76% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.67% to buyers in Miandetta at the moment, which is less than average for the rest of TAS.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
Information supplied by:
Not enough room
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.