Investment property in Ulverstone has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.38%
While Ulverstone,7315 ranked number 59th in TAS for increase in median house value (annualised) increase, it is ranked 77th over the last 5 years.
Ulverstone, 7315 is offering TAS ‘s 87th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.06%, investors should hope to achieve an overall return of 5.41%
If you compare the increase in value of investment property in Ulverstone, 7315 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 4.74%.
Comparing Ulverstone,7315 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Ulverstone7315 is located in TAS which offers an average discount of -5.25% to property investors. Ulverstone itself is showing figures that indicate -5.44% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
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 2.77%.