Property value increases in Shearwater have tracked close to the TAS average of 9.78% over the last 12 months.
Over the longer term, Shearwater has seen property prices show investors a 9.09% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Shearwater should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Shearwater, 7307 is in the Latrobe (M) (Tas.) local government area.
Shearwater, 7307 ranked 30th in TAS when comparing growth in median property values or capital gain over the last 12 months. Shearwater is one of 606 in our list for TAS
The five-year average increase in median property values for Shearwater,7307 has given property investors a potential capital gain of 26.00% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Shearwater, 7307. Typically our figures indicate that -2.24% is being offered, which puts this TAS suburb at 978th most discounted overall in Australia.
Often selling an investment property can take time, and in Shearwater the average time real estate has been on the market is 85.5333 days.
Situated 202.48km from the CBD, Shearwater is one of Latrobe (M) (Tas.) localities in the postcode 7307.
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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.