Geeveston has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.26% to date .
Over the longer term, Geeveston has seen property prices show investors a 7.14% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Geeveston are currently offering property investors an average price cut of -5.19% below the asking price at the moment.
Geeveston is 69th on a list of best yielding suburbs for rents in TAS with a 5.16% return
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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.