Giving property investors a a solid capital gain of 11.11% for the last year, Geeveston, 7116 is the 427th highest performer in Australia in this respect.
Across a shorter period, Geeveston, 7116 has seen a median price increase of 0.00% over the last quarter.
Geeveston, 7116 is offering TAS ‘s 97th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.
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Huon Valley suburb experiences upswing
Median house price: $268,250
Three-year growth: -4.2%
Rental yield: 5.2%
Tucked into the Huon Valley, the suburb of Geeveston picked back up after prices slipped by 4.2% in 2015.
House prices rose by 11.8% in the April 2017-2018 period, bringing the median value to just under $270,000. Vendors are able to unload such properties at an average discount rate of 3.6%, while landlords can gain yields of 5.2% off an average weekly rent rate of $268.
Geeveston is picturesque, with the Hartz Mountain Park providing an excellent backdrop. This foodie destination is known for its apples – orchards cultivate everything from Red Delicious to Fuji apples and sell them roadside. The suburb is also a creative hub, with original works from artists being highlighted on the main street and markets. The Tahune Airwalk offers a magnificent treetop view of the Tahune Forest Reserve 48 metres above ground.