Across a shorter period, Verona Sands, 7112 has seen a median price increase of -1.89% over the last quarter.
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Huon Valley suburb with striking growth
Median house price: $260,000
Three-year growth: 97.7%
Rental yield: 5.3%
The suburb of Verona Sands is situated in the Apple Isle’s Huon Valley, just under 50km from Hobart. This suburb may be tiny, but it is growing quickly.
As its name suggests, Verona Sands is close to several beaches, with the nearest being Pickup Beach less than five minutes away. The suburb’s neighbours include Charlotte Cove, Garden Island Creek, Randalls Bay and Eggs and Bacon Bay. There are also many parks in the vicinity, such as Bacons Creek Conservation Area and Abels Bay Conservation Area.
This suburb boasted one of the strongest growth rates in Tasmania in the 12 months to January 2019 – an incredible 32.7%. This continues Verona Sands’s positive streak since 2014 and brings the median value up to $260,000. Investors are also able to reap an average yield of 5.3% - strong returns.