Over the last year, property investments in Herdsmans Cove, 7030 have given investors a capital gain of 27.27%. This compares very favourably with the 10.86% for TAS as a whole.
While Herdsmans Cove,7030 ranked number 7th in TAS for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.12% offered to property buyers. Sellers in Herdsmans Cove itself are offering an average vendor discount of -2.56% to real estate investors.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 7.43%, without taking into account capital value appreciation, which has been averaging out at 4.41%.