Giving property investors a a stable capital gain of 15.00% for the last year, Trevallyn, 7250 is the 1654th highest performer in Australia in this respect.
While Trevallyn,7250 ranked number 82th in TAS for increase in median house value (annualised) increase, it is ranked 135th over the last 5 years.
Property investors looking for a bargain in Trevallyn should be aiming for at least -2.15% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Trevallyn have been waiting around 31.6324 days to sell a property.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
If you compare the increase in value of investment property in Trevallyn, 7250 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 41.18%.
Trevallyn,7250 was ranked 13 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Trevallyn is 15th on a list of best yielding suburbs for rents in TAS with a 5.37% return
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Trevallyn, TAS – Tourist destinations bring Launceston to life
Postcode: 7250
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.