Seven Mile Beach is in the bottom 10% in TAS when comparing median price capital growth over the last year. Seven Mile Beach gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.70%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seven Mile Beach has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Seven Mile Beach should be aiming for at least -6.66% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Situated 14.44km from the CBD, Seven Mile Beach is one of Clarence localities in the postcode 7170.