Property investors who have had real estate in Geilston Bay, 7015 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 16.22%
Across a shorter period, Geilston Bay, 7015 has seen a median price increase of 2.38% over the last quarter.
Vendor discounting in Geilston Bay is giving property investors an average Vendor Discount of around -4.94%. This puts suburb at number 102th in TAS when ranking the most discounted suburbs.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 2.95%, investors should hope to achieve an overall return of 4.84%
In the last year 11 properties changed hands in Geilston Bay, which puts it as the 59th most active market in TAS when comparing the number of sales per suburb.