Property investors who have had real estate in Trevallyn, 7250 should be relatively 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 4.01%
When looking at the potential capital gains offered to property investors over the last 3 years, Trevallyn comes in at number 136th in TAS.
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 -6.23% is being offered, which puts this TAS suburb at 1919th most discounted overall in Australia.
Property investors should expect to get $362.5 weekly from the median priced house in this suburb.
Investment property in Trevallyn has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.90%
Across a shorter period, Trevallyn, 7250 has seen a median price increase of 14.84% over the last quarter.
Using the current median advertised rental of $247.5 and the average annual increase in value of a median property of 6.36%, investors should hope to achieve an overall return of 4.56%
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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.