Ulverstone, 7315 ranked 78th in TAS when comparing growth in median property values or capital gain over the last 12 months. Ulverstone is one of 606 in our list for TAS
While Ulverstone,7315 ranked number 42th in TAS for increase in median house value (annualised) increase, it is ranked 37th over the last 5 years.
Property investors looking for a bargain in Ulverstone should be aiming for at least -6.31% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Ulverstone have been waiting around 108.89 days to sell a property.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 5.23%
Property value increases in Ulverstone have tracked just higher than the TAS average of 3.47% over the last 12 months.
The five-year average increase in median property values for Ulverstone,7315 has given property investors a potential capital gain of -2.73% across each of those five years.
The most recent median price for Ulverstone is $232000, with sellers offering an average of -4.78% off the asking price.
Often selling an investment property can take time, and in Ulverstone the average time real estate has been on the market is 111.8 days.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 2.30%.