Over the last year, property investments in Shearwater, 7307 have given investors a capital gain of 7.24%. This compares averagely with the 7.30% for TAS as a whole.
Comparing Shearwater,7307 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -4.25% below the asking price at the moment.
Residents and property investors in Shearwater have been waiting around 50.2778 days to sell a property.
Shearwater, 7307’s gross rental yield is 4.55%
If you compare the increase in value of investment property in Shearwater, 7307 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.43%.
Shearwater,7307 has offered an average of 2.43% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -3.11% below the asking price at the moment.
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Shearwater, TAS – Vacancies are tight in the Apple Isle
Median unit price: $295,000
Vacancy rate: 1.3%
Three-year growth: 12%
A small holidaymaker’s destination, Shearwater sits on the north coast of Tasmania near Devonport. Its proximity to the beach makes it a highly popular stop for visitors.
The average vacancy rate plummeted sharply from 2.0% in July 2018 to 1.3% a year later, suggesting a strong influx of renters.
Shearwater is close to Port Sorell and Hawley Beach, and its affordability has drawn many buyers in recent years as the Apple Isle hit its peak. With the burgeoning tourism industry, amenities have been constructed to serve visitors, including a shopping centre and country club resort. The RubiCon Estuary is home to many species of birds, including pied oystercatchers – as a result, it has been designated as an Important Bird Area.