Suburb Profile Report for Geeveston TAS (7116)

Geeveston House: Median price $260,000, Annual capital growth 4.20%, Number of sales 28, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Geeveston has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 13.04% to date .

Comparing Geeveston,7116 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Geeveston should be aiming for at least -4.60% off the asking price, which is the average vendor discount being achieved at the moment.

Geeveston, 7116’s gross rental yield is 5.60%

Information supplied by:


July 2018

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Tucked into the Huon Valley, the suburb of Geeveston picked back up after prices slipped by 4.2% in 2015Full summary

Huon Valley suburb experiences upswing

Postcode: 7116

Median house price: $268,250

Three-year growth: -4.2%

Rental yield: 5.2%

Tucked into the Huon Valley, the suburb of Geeveston picked back up after prices slipped by 4.2% in 2015.

House prices rose by 11.8% in the April 2017-2018 period, bringing the median value to just under $270,000. Vendors are able to unload such properties at an average discount rate of 3.6%, while landlords can gain yields of 5.2% off an average weekly rent rate of $268.

Geeveston is picturesque, with the Hartz Mountain Park providing an excellent backdrop. This foodie destination is known for its apples – orchards cultivate everything from Red Delicious to Fuji apples and sell them roadside. The suburb is also a creative hub, with original works from artists being highlighted on the main street and markets. The Tahune Airwalk offers a magnificent treetop view of the Tahune Forest Reserve 48 metres above ground.

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Metrics i HOUSE UNIT
$260,000 N/A
-1.42% N/A
13.04% N/A
4.20% N/A
$280 N/A
28 N/A
5.60% N/A
83.57 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1430
Median household income ($/weekly) 765
Median age of persons 41
Median housing loan repayment ($/monthly) 1083
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 212 14.8
    25-34 years 129 9.0
    35-44 years 199 13.9
    45-54 years 211 14.7
    55-64 years 217 15.2
    Others 463 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 485 46.0
    Not Married 398 37.7
    Defacto Relationship 172 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1223 88.8
    Papua New Guinea 21 1.5
    United Kingdom 91 6.6
    United States of America 8 0.6
    Other 12 0.9
    Others 22 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 757 58.7
    No Religion 501 38.8
    Islam 13 1.0
    Buddhism 10 0.8
    Other Religious Groups 9 0.7
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 57 11.9
    $400-$599 92 19.1
    $600-$799 77 16.0
    $800-$999 55 11.4
    $1,000-$1,249 51 10.6
    Others 149 31.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 515 47.5
    Employed, worked full-time 269 24.8
    Employed, worked part-time 208 19.2
    Employed, away from work 50 4.6
    Unemployed, looking for work 42 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 78 14.8
    Professionals 65 12.3
    Technicians & trades workers 64 12.1
    Machinery operators & drivers 61 11.6
    Labourers 110 20.9
    Others 149 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 14 5.1
    Infants/Primary 123 44.4
    Secondary 81 29.2
    Technical or Further Educational Institution 26 9.4
    University or other Tertiary Institutions 23 8.3
    Others 10 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1359 98.5
    Semi-detached, row or terrace house, townhouse 8 0.6
    House or flat attached to a shop, office 8 0.6
    Flat, unit or apartment 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 228 42.6
    Being purchased 220 41.1
    Rented 84 15.7
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals