Over the last year, property investments in Trevallyn, 7250 have given investors a capital gain of 1.74%. This compares very badly with the 11.04% for TAS as a whole.
Trevallyn,7250 was ranked 1818 in Australia by increase in median property value over the quarter.
Trevallyn, 7250 is offering TAS ‘s 22th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this TAS.
At number 57 in a list of fastest selling suburbs, Trevallyn is in the TOP 10% of suburbs in Australia with an average of days on market 26.84 for properties listed there.
Property investors should expect to get $335 weekly from the median priced house in this suburb.
Property value increases in Trevallyn have tracked just lower than the TAS average of 7.81% over the last 12 months.
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.
The TAS suburb of Trevallyn, 7250 is in the West Tamar (M) local government area.
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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.