Geeveston is an average performer in TAS when comparing median price capital growth over the last year. Geeveston gave property investors a average capital gain figure when compared to the rest of the state, with 11.54%.
Geeveston,7116 has offered an average of 11.54% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Geeveston is giving property investors an average Vendor Discount of around -3.15%. This puts suburb at number 97th in TAS when ranking the most discounted suburbs.
The TAS suburb of Geeveston, 7116 is in the Huon Valley (M) local government area.
Tucked into the Huon Valley, the suburb of Geeveston picked back up after prices slipped by 4.2% in 2015Full summary
Information supplied by:
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.Close