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.
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