St Leonards has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -6.31% to date .
Over the longer term, St Leonards has seen property prices show investors a 0.33% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in St Leonards itself are offering an average vendor discount of -8.81% to real estate investors.
With the median price for a house in St Leonards being $230000 and the advertised rent reaching $277.5 the gross rental yield for property investors calculates out to be 6.27%