TAS has seen average median house prices change by 10.33% which means that Trevallyn, 7250 has done well for property investors by showing a capital gain of 10.79% over the last year
The five-year average increase in median property values for Trevallyn,7250 has given property investors a potential capital gain of 24.64% across each of those five years.
Property investors looking for a bargain in Trevallyn should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.
Trevallyn, 7250 ranked 40th 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
Trevallyn,7250 was ranked 85 in Australia by increase in median property value over the quarter.
Vendor discounting in Trevallyn is giving property investors an average Vendor Discount of around -2.76%. This puts suburb at number 36th in TAS when ranking the most discounted suburbs.
In the last year 22 properties changed hands in Trevallyn, which puts it as the 31th most active market in TAS when comparing the number of sales per suburb.
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February 2018
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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
Launceston suburb experiences housing drop
Postcode: 7250
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.
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