Property investors who have had real estate in Trevallyn, 7250 should be relatively 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 4.70%
The five-year average increase in median property values for Trevallyn,7250 has given property investors a potential capital gain of 23.16% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.10% offered to property buyers. Sellers in Trevallyn itself are offering an average vendor discount of -8.03% to real estate investors.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
With a capital gain of 21.46% for the last 12 months, Trevallyn, 7250 has performed for property investments than its average annual 4.83% property growth over the last 5 years.
The five-year average increase in median property values for Trevallyn,7250 has given property investors a potential capital gain of 24.50% across each of those five years.
Property buyers and investors in Trevallyn 7250 should be seeing an average reduction in asking price of around -4.97% . This means that Trevallyn is holding prices well when compared to other suburbs in TAS.
Often selling an investment property can take time, and in Trevallyn the average time real estate has been on the market is 13.4 days.
Renters in Suburb are facing rents around $11700 per annum or $225 every week.
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 InvestarFull summary
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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.Close