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%
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