Over the last year, property investments in Trevallyn, 7250 have given investors a capital gain of 2.99%. This compares badly with the 7.35% for TAS as a whole.
Over the longer term, Trevallyn has seen property prices show investors a 15.47% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Trevallyn should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.
Trevallyn is 67th on a list of best yielding suburbs for rents in TAS with a 5.21% return
Property investors who have had real estate in Trevallyn, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%
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.
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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.