Smithton is in the bottom 10% in TAS when comparing median price capital growth over the last year. Smithton gave property investors a dismal capital gain figure when compared to the rest of the state, with -13.68%.
If we look at median property appreciation over just the last three months, Smithton has given property investors a paper return of 9.33%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in TAS
Property investors looking for a bargain in Smithton should be aiming for at least -9.20% off the asking price, which is the average vendor discount being achieved at the moment.