Over the last year, property investments in Geeveston, 7116 have given investors a capital gain of 16.67%. This compares very favourably with the 9.78% for TAS as a whole.
A 28.44% growth in median value for property investors in Geeveston,7116 puts this suburb at number 76th in terms of best performing suburbs in TAS
At number 75th of TAS’s most discounted properties, Geeveston is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 1270 in a list of fastest selling suburbs, Geeveston is in the TOP 40% of suburbs in Australia with an average of days on market 66.2 for properties listed there.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 5.24%.
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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.