Median Sale Price
House
$324K
Updated on Jan 2020
2 BR - | 3 BR $320K | 4 BR $369K |
Unit
$263K
Updated on Jan 2020
1 BR - | 2 BR $258K | 3 BR $330K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $263,000 | 0.0% | $183,000 | $479,000 | 59 |
| 2010 | $270,000 | +2.6% | $226,000 | $580,000 | 44 |
| 2011 | $263,000 | -2.7% | $214,000 | $370,000 | 47 |
| 2012 | $250,100 | -5.2% | $195,000 | $360,000 | 43 |
| 2013 | $235,000 | -6.4% | $180,000 | $385,000 | 40 |
| 2014 | $266,000 | +11.7% | $152,000 | $395,000 | 47 |
| 2015 | $270,000 | +1.5% | $178,000 | $435,000 | 48 |
| 2016 | $280,000 | +3.6% | $168,000 | $446,500 | 46 |
| 2017 | $285,000 | +1.8% | $147,000 | $451,000 | 45 |
| 2018 | $327,000 | +12.8% | $140,223 | $885,000 | 42 |
| 2019 | $310,000 | -5.5% | $245,000 | $480,000 | 42 |
| 2020 | $390,000 | +20.5% | $275,000 | $425,000 | 5 |
Median Sale Price
$321K
Based on 40 recorded sales within the last 12 months
Updated on 25 Feb 2020
Suburb Growth
-1.9%
Current Median Price: $321,000
Previous Median Price: $327,000
Based on 82 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$345
Updated on Jan 2020
2 BR $285 | 3 BR $345 | 4 BR $390 |
Unit
$255
Updated on Jan 2020
1 BR $250 | 2 BR $258 | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | - | - | - | - | - |
| 2013 | $320 | 0.0% | $320 | $320 | 1 |
| 2014 | $295 | -8.5% | $245 | $400 | 25 |
| 2015 | $300 | +1.7% | $160 | $465 | 47 |
| 2016 | $305 | +1.6% | $265 | $400 | 24 |
| 2017 | $330 | +7.6% | $210 | $420 | 26 |
| 2018 | $350 | +5.7% | $260 | $550 | 30 |
| 2019 | $345 | -1.4% | $290 | $450 | 21 |
| 2020 | $450 | +23.3% | $450 | $450 | 1 |
Median Rent Price
$350
per week
Based on 17 recorded rent within the last 12 months
Updated on 25 Feb 2020
Rent Price Growth
+2.9%
Current Median Rent: $350
Previous Median Rent: $340
Based on 50 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.7%
Current Median Price: $321,000
Current Median rent: $350
Based on 57 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For Summerhill
Houses sold in Last 12 months ends 22 Feb 2020
$321K
Median Sale Price
100%
Clearance Rate
10/10
Sold/Reported
$480K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $400 K - $600 K | 1 | |
| less than $400 K (Median Price Range) | 4 | |
Similar Suburbs to Summerhill 7250
Based on median house sale price sold in last 12 months
Schools closest to Summerhill, TAS 7250
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Summerdale Primary School | 82 - 84 STANLEY STREETSummerhill 7250 | Primary | Government | 0.19 km |
| St Patrick's CollegeTop 20 | 282 WESTBURY ROADProspect Vale 7250 | Secondary | Catholic | 0.42 km |
| Prospect High School | RALPH STREETProspect 7250 | Secondary | Government | 0.97 km |
| West Launceston Primary School | 24-38 BASIN ROADWest Launceston 7250 | Primary | Government | 2.03 km |
| Glen Dhu Primary School | 270 WELLINGTON STREETSouth Launceston 7249 | Primary | Government | 1.82 km |
| John Calvin SchoolTop 10 | 53 HOWICK STLaunceston 7250 | Combined | Independent | 2.53 km |