With a capital gain of 9.14% for the last 12 months, Geilston Bay, 7015 has performed for property investments than its average annual 5.05% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Geilston Bay,7015 has racked up an average of 9.14% over the period. This ranks it number 160th in the whole country for real estate investors looking at median house price increases.
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 Geilston Bay, 7015. Typically our figures indicate that -6.22% is being offered, which puts this TAS suburb at 1925th most discounted overall in Australia.
A $485 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 5.05%.