Suburb Profile Report for Trevallyn TAS (7250)

Trevallyn House: Median price $351,000, Annual capital growth 2.55%, Number of sales 108, Weekly median advertised rent $350

Trevallyn Unit: Median price $231,000, Annual capital growth 3.25%, Number of sales 17, Weekly median advertised rent $245

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Trevallyn has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 0.02% to date .

Taking the average capital gain, or increase in median house value, Trevallyn,7250 has racked up an average of 0.02% over the period. This ranks it number 1851th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Trevallyn is giving property investors an average Vendor Discount of around -6.75%. This puts suburb at number 16th in TAS when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

Giving property investors a an unimpressive capital gain of -5.33% for the last year, Trevallyn, 7250 is the 1070th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Trevallyn has increased when compared to the 5 year average annual rate.

Residents and property investors in Trevallyn have been waiting around 44.2308 days to sell a property.

Trevallyn, 7250’s gross rental yield is 5.86%

Information supplied by:


February 2018

M
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Launceston suburb experiences housing drop

Postcode: 7250

Median house price: $329,500

Stock on market: -20.4%

12-month growth: 8.0%

A suburb of Launceston, Trevallyn’s housing stock went from 50 down to 40 in the 12 months leading up to November 2017, as per Real Estate Investar.

This supply situation has certainly not hurt Trevallyn’s prospects, as house prices increased by 8% in that period to continue a five-year trend. Rental returns are fairly strong at 5.3% as well, and it could represent a good deal for investors.

Cataract Gorge and the Trevallyn are found in this suburb. Since it is just 1km from Launceston, residents can easily access the many amenities in the city, including its lively arts and entertainment scene, sports facilities and hospital. Travel from Trevallyn is also convenient because of its proximity to the Launceston Airport and to several highways.

Metrics i HOUSE UNIT
$351,000 $231,000
0.02% 4.19%
0.02% -5.33%
2.55% 3.25%
$350 $245
108 17
5.20% 5.86%
23.6375 44.23077

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4638
Median household income ($/weekly) 1214
Median age of persons 38
Median housing loan repayment ($/monthly) 1454
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 566 12.2
    25-34 years 582 12.5
    35-44 years 690 14.9
    45-54 years 680 14.7
    55-64 years 592 12.8
    Others 1528 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 1776 51.0
    Not Married 1346 38.6
    Defacto Relationship 361 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3881 86.1
    New Zealand 33 0.7
    Papua New Guinea 43 1.0
    United Kingdom 295 6.5
    Other 70 1.6
    Others 184 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.0
    Christianity 2685 62.3
    Islam 9 0.2
    Other Religious Groups 14 0.3
    No Religion 1542 35.8
    Others 18 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 171 10.2
    $800-$999 183 11.0
    $1,000-$1,249 161 9.6
    $1,500-$1,999 220 13.2
    $2,000-$2,499 169 10.1
    Others 766 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1451 39.4
    Not in the labour force 1098 29.8
    Employed, worked part-time 872 23.7
    Employed, away from work 137 3.7
    Unemployed, looking for work 121 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 305 12.4
    Professionals 727 29.5
    Technicians & trades workers 327 13.3
    Community & personal service workers 262 10.6
    Clerical & administrative workers 332 13.5
    Others 509 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 39 3.3
    Infants/Primary 410 34.2
    Secondary 334 27.9
    Technical or Further Educational Institution 116 9.7
    University or other Tertiary Institutions 268 22.4
    Others 32 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4141 93.2
    Semi-detached, row or terrace house, townhouse 164 3.7
    Flat, unit or apartment 136 3.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 680 38.1
    Fully owned 648 36.3
    Rented 452 25.3
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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