Property investors who have had real estate in Invermay, 7248 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.80%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Invermay has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Invermay is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in TAS
In the last year 91 properties changed hands in Invermay, which puts it as the 23th most active market in TAS when comparing the number of sales per suburb.
Advertised rents are around the $300 mark per week – giving a return of 5.53% based on the median price in Suburb