At number 2208th in the list of Australian suburbs ordered by increase in median house value over the last year, Shearwater, 7307 is in the BOTTOM 50% with a property value increase of 4.38% recorded in median house prices.
Across a shorter period, Shearwater, 7307 has seen a median price increase of -0.69% over the last quarter.
At number 94th of TAS’s most discounted properties, Shearwater is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 2.80%.
Over the last year, property investments in Shearwater, 7307 have given investors a capital gain of 0.00%. This compares averagely with the 3.60% for TAS as a whole.
Over the longer term, Shearwater has seen property prices show investors a -7.14% return over the last 3 years. This is an improvement over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.25% offered to property buyers. Sellers in Shearwater itself are offering an average vendor discount of -11.75% to real estate investors.
Shearwater, 7307’s gross rental yield is 5.20%