Trevallyn, 7250 ranked 157th in TAS when comparing growth in median property values or capital gain over the last 12 months. Trevallyn is one of 606 in our list for TAS
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Trevallyn has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Trevallyn, 7250. Typically our figures indicate that -9.18% is being offered, which puts this TAS suburb at 944th most discounted overall in Australia.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 4.90%
Investment property in Trevallyn has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.46%
Across a shorter period, Trevallyn, 7250 has seen a median price increase of -6.65% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Trevallyn itself are offering an average vendor discount of -4.16% to real estate investors.
Residents and property investors in Trevallyn have been waiting around 16.25 days to sell a property.
A $227.5 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 3.73%.
A suburb of Launceston, Trevallyn’s housing stock went from 50 down to 40 in the 12 months leading up to November 2017, as per Real Estate InvestarFull summary
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Launceston suburb experiences housing drop
Median house price: $329,500
Stock on market: -20.4%
12-month growth: 8.0%
A suburb of Launceston, Trevallyn’s housing stock went from 50 down to 40 in the 12 months leading up to November 2017, as per Real Estate Investar.
This supply situation has certainly not hurt Trevallyn’s prospects, as house prices increased by 8% in that period to continue a five-year trend. Rental returns are fairly strong at 5.3% as well, and it could represent a good deal for investors.
Cataract Gorge and the Trevallyn are found in this suburb. Since it is just 1km from Launceston, residents can easily access the many amenities in the city, including its lively arts and entertainment scene, sports facilities and hospital. Travel from Trevallyn is also convenient because of its proximity to the Launceston Airport and to several highways.Close