With a capital gain of 9.92% for the last 12 months, Shearwater, 7307 has performed for property investments than its average annual 3.93% property growth over the last 5 years.
Across a shorter period, Shearwater, 7307 has seen a median price increase of 2.86% over the last quarter.
Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -6.16% below the asking price at the moment.
At number 3678 in a list of fastest selling suburbs, Shearwater is in the bottom 10% of suburbs in Australia with an average of days on market 164.86 for properties listed there.
Situated 202.56km from the CBD, Shearwater is one of Latrobe localities in the postcode 7307.
At number 1073th in the list of Australian suburbs ordered by increase in median house value over the last year, Shearwater, 7307 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Shearwater,7307 has racked up an average of 0.00% over the period. This ranks it number 1479th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Shearwater 7307 should be seeing an average reduction in asking price of around -12.94% . This means that Shearwater is holding prices well when compared to other suburbs in TAS.
In the last year 17 properties changed hands in Shearwater, which puts it as the 31th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3060 per annum or $255 every week.