Suburb Profile Report for Geeveston TAS (7116)

Geeveston House: Median price $285,000, Annual capital growth 6.74%, Number of sales 34, Weekly median advertised rent $280

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

Property value increases in Geeveston have tracked higher than the TAS average of 11.36% over the last 12 months.

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

At number 153th of TAS’s most discounted properties, Geeveston is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

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
$285,000 N/A
1.79% N/A
23.91% N/A
6.74% N/A
$280 N/A
34 N/A
5.11% N/A
82.59 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Balanced (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
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