Are properties in long ‘hold period' suburbs a better investment?
A ‘hold period' is a calculation which measures the time period between sales, expressed in years. Suburbs with long ‘hold periods' are long established desirable areas with good infrastructure. This week we look at suburbs in Hobart with some of the longest ‘hold periods'. The Hobart suburbs examined this week include:
- Glebe – This suburb has the longest ‘hold period' of any suburb in Hobart, properties are held for an average of 9.8 years before being sold.
- Mount Nelson – this suburb has an average ‘hold period' of 8.7 years before being sold.
Plus coverage of:
- In an interview First National CEO, Ray Ellis, talks about how the spring selling season is shaping up and his response on the RBA's decision to leave rates on hold at 4.5%.
- This weeks Tax Tip looks at negative gearing.