Property value increases in Trevallyn have tracked just higher than the TAS average of 9.78% over the last 12 months.
Across a shorter period, Trevallyn, 7250 has seen a median price increase of 1.50% over the last quarter.
Property investors looking for a bargain in Trevallyn should be aiming for at least -4.65% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors who have had real estate in Trevallyn, 7250 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 26.44%
While Trevallyn,7250 ranked number 41th in TAS for increase in median house value (annualised) increase, it is ranked 15th over the last 5 years.
In the last year 14 properties changed hands in Trevallyn, which puts it as the 51th most active market in TAS when comparing the number of sales per suburb.
The TAS suburb of Trevallyn, 7250 is in the West Tamar (M) local government area.
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Trevallyn, TAS – Tourist destinations bring Launceston to life
Median unit price: $282,500
Three-year growth: 17.7%
Rental yield: 4.6%
The suburb of Trevallyn sits in the northwestern part of Launceston just north of the South Esk River. It is known for being the home of Cataract Gorge.
Also known as The Gorge, Cataract Gorge offers both nature and convenient amenities – it has a swimming pool, a restaurant, café and a suspension bridge leading to stunning scenic views. It is also where the world’s longest single-span chairlift is located. To add some natural charm, peacocks can be found wandering this area.
The Queen Victoria Museum and Art Gallery has an expansive collection of artwork and historical artefacts from Tasmania. These spots help contribute to Trevallyn’s thriving unit market.