With a capital gain of 6.87% for the last 12 months, Shearwater, 7307 has performed for property investments than its average annual 4.30% property growth over the last 5 years.
Shearwater,7307 was ranked 1943 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Shearwater itself are offering an average vendor discount of -5.07% to real estate investors.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 4.30%.
If you compare the increase in value of investment property in Shearwater, 7307 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -0.48%.
When looking at the potential capital gains offered to property investors over the last 3 years, Shearwater comes in at number 37th in TAS.
Sellers are offering property buyers an average discount of -12.24% to buyers in Shearwater at the moment, which is less than average for the rest of TAS.
In the last year 14 properties changed hands in Shearwater, which puts it as the 37th most active market in TAS when comparing the number of sales per suburb.