If you compare the increase in value of investment property in Invermay, 7248 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 10.71%.
Over the longer term, Invermay has seen property prices show investors a 25.34% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Invermay should be aiming for at least 0.00% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Invermay, 7248 is in the Launceston (C) local government area.
Invermay is an average performer in TAS when comparing median price capital growth over the last year. Invermay gave property investors a good capital gain figure when compared to the rest of the state, with 21.41%.
Comparing Invermay,7248 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Invermay is offering property investors an average of -2.31. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in TAS
In the last year 11 properties changed hands in Invermay, which puts it as the 55th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 7.76%