MOONAH, TAS, 7009

Investment property in Moonah has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.57%

The five-year average increase in median property values for Moonah,7009 has given property investors a potential capital gain of 59.98% across each of those five years.

Property investors looking for a bargain in Moonah should be aiming for at least -5.61% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Moonah have been waiting around 33.2203 days to sell a property.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

At number 45th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 10% with a property value increase of 24.13% recorded in median house prices.

Moonah,7009 was ranked 99 in Australia by increase in median property value over the quarter.

Residents and property investors in Moonah have been waiting around 29.3333 days to sell a property.

A $325 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 4.84%.

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Median House Price: $435,000

Current Yield (houses): 5.1%

Average annual growth (houses): 5.8%

Median Unit Price: $328,694

Current Yield (units): 5.1%

Average annual growth (units): 3.5%

A few minutes’ drive north of the Hobart CBD, the suburb of Moonah has long been a growing market, with both houses and units achieving strong, steady increases in price over the last five years.

In fact, the average annual growth rate for houses comes in at nearly 6%, but despite the sustained growth, this market remains quite affordable, with the median value coming in at under $450,000. The average yield is very attractive as well at 5.1%, suggesting that this is a great investment.