With a capital gain of -0.55% for the last 12 months, Shearwater, 7307 has performed for property investments than its average annual 2.57% property growth over the last 5 years.
Across a shorter period, Shearwater, 7307 has seen a median price increase of -0.55% over the last quarter.
Property buyers and investors in Shearwater 7307 should be seeing an average reduction in asking price of around -4.20% . This means that Shearwater is holding prices well when compared to other suburbs in TAS.
Situated 202.63km from the CBD, Shearwater is one of Latrobe (M) (Tas.) localities in the postcode 7307.
At number 373th in the list of Australian suburbs ordered by increase in median house value over the last year, Shearwater, 7307 is in the top 30% with a property value increase of 4.22% recorded in median house prices.
While Shearwater,7307 ranked number 52th in TAS for increase in median house value (annualised) increase, it is ranked 36th over the last 5 years.
At number 19th of TAS’s most discounted properties, Shearwater is in the TOP 10% of the state/territory when listing in order of most discounted to least.
In the last year 22 properties changed hands in Shearwater, which puts it as the 33th most active market in TAS when comparing the number of sales per suburb.
The TAS suburb of Shearwater, 7307 is in the Latrobe (M) (Tas.) local government area.
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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.