Property value increases in Shearwater have tracked just lower than the TAS average of 8.18% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Shearwater comes in at number 125th in TAS.
Property investors looking for a bargain in Shearwater should be aiming for at least -6.72% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Shearwater being $360000 and the advertised rent reaching $292.5 the gross rental yield for property investors calculates out to be 4.23%
Giving property investors a a poor capital gain of -11.70% for the last year, Shearwater, 7307 is the 1569th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Shearwater has given property investors a paper return of -10.00%. This puts Suburb as 54 on a list of fastest fasting appreciating suburbs in TAS
Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -2.33% below the asking price at the moment.
Renters in Suburb are facing rents around $3180 per annum or $265 every week.