With a capital gain of 9.83% for the last 12 months, Trevallyn, 7250 has performed for property investments than its average annual 3.13% property growth over the last 5 years.
A 21.48% growth in median value for property investors in Trevallyn,7250 puts this suburb at number 38th in terms of best performing suburbs in TAS
The most recent median price for Trevallyn is $384500, with sellers offering an average of -4.77% off the asking price.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Investment property in Trevallyn has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 22.95%
Trevallyn,7250 was ranked 864 in Australia by increase in median property value over the quarter.
Advertised rents are around the $260 mark per week – giving a return of 5.07% based on the median price in Suburb
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Trevallyn, TAS – Tourist destinations bring Launceston to life
Median unit price: $282,500
Three-year growth: 17.7%
Rental yield: 4.6%
The suburb of Trevallyn sits in the northwestern part of Launceston just north of the South Esk River. It is known for being the home of Cataract Gorge.
Also known as The Gorge, Cataract Gorge offers both nature and convenient amenities – it has a swimming pool, a restaurant, café and a suspension bridge leading to stunning scenic views. It is also where the world’s longest single-span chairlift is located. To add some natural charm, peacocks can be found wandering this area.
The Queen Victoria Museum and Art Gallery has an expansive collection of artwork and historical artefacts from Tasmania. These spots help contribute to Trevallyn’s thriving unit market.