If you compare the increase in value of investment property in Geeveston, 7116 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 15.00%.
Geeveston,7116 has offered an average of 15.00% return per annum in house price rises to property investors over the last three years.
Geeveston7116 is located in TAS which offers an average discount of -5.50% to property investors. Geeveston itself is showing figures that indicate -4.03% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Geeveston the average time real estate has been on the market is 96.7 days.
Advertised rents are around the $280 mark per week – giving a return of 5.50% based on the median price in Suburb
Tucked into the Huon Valley, the suburb of Geeveston picked back up after prices slipped by 4.2% in 2015Full summary
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Huon Valley suburb experiences upswing
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.Close