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%
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Launceston suburb experiences housing drop
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.