How Much is my Home Worth in Newstead?
On February 1, 2019, the median price for a house in Launceston was $422,000. On the same date, the median price of a unit was $272,500. To date, there have been 102 houses sold and 19 units sold this year. Of all the house sales 60 were 3 bedroom houses. The DSR or Demand to Supply Ratio rates an investment in a house as below average and units as balanced. A below average rating indicates that buyers will ignore sellers if they are not willing to negotiate. Vendors need to be realistic or wait until prices go up.
The 12-month capital growth in Newstead is at 0.0% for houses and -7.5% for units. The average annual capital growth is 1.95% for houses and 0.36% for units. It takes on average approximately 72 days to sell a house and 145 days to sell a unit.
House prices and weekly rent returns in Newstead
- 2 bedroom house No Data Rent per week $300
- 3 bedroom house $386,750 Rent per week $350
- 4 bedroom house $535,000 Rent per week $440
Unit prices and weekly rent returns in Newstead
- 1 bedroom unit No Data Rent per week $185
- 2 bedroom unit $255,000 Rent per week $240
- 3 bedroom unit $340,000 Rent per week No Data
The gross rental yield is 3.68% for houses and 5.04% for units.
Free Real Estate Appraisal Newstead
Are you contemplating selling your home or unit? Or, do you own an investment property you want to know the market value? Our property appraisal team provides a free property appraisal of homes, units or land. We base our market price on recent sales history. We also factor in the location of schools, shops, and amenities. We will present a professional report as to the current value of your home.
Free Rental Appraisal Newstead
Are you moving and want to rent ou your home? Or, do you own an investment property and need the services of a property manager? Our property management team manage multiple properties. The will give you a free and accurate appraisal of your expected weekly rental return. Our staff uses the latest software to perform routine inspections, collect the rental fee and maintain your property. Each landlord receives full tax accounting documentation in a format of your choice.
Property Valuation Launceston
Are you aware there is a difference between a property appraisal and a property valuation? If for some legal reason you need your property valued then you must engage the services of a registered valuer. This service will come with a see. Appraisals can be performed by a licenced real estate agent. In this case, our appraisers will do this for free.
Newstead Christian School Newstead
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