Investment property in Shearwater 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 8.29%
Comparing Shearwater,7307 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 56th of TAS’s most discounted properties, Shearwater is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Giving property investors a a stable capital gain of 5.86% for the last year, Shearwater, 7307 is the 422th highest performer in Australia in this respect.
Shearwater,7307 was ranked 288 in Australia by increase in median property value over the quarter.
Shearwater7307 is located in TAS which offers an average discount of -5.47% to property investors. Shearwater itself is showing figures that indicate -1.69% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Shearwater being $307000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.74%
Information supplied by:
Shearwater, TAS – Vacancies are tight in the Apple Isle
Median unit price: $295,000
Vacancy rate: 1.3%
Three-year growth: 12%
A small holidaymaker’s destination, Shearwater sits on the north coast of Tasmania near Devonport. Its proximity to the beach makes it a highly popular stop for visitors.
The average vacancy rate plummeted sharply from 2.0% in July 2018 to 1.3% a year later, suggesting a strong influx of renters.
Shearwater is close to Port Sorell and Hawley Beach, and its affordability has drawn many buyers in recent years as the Apple Isle hit its peak. With the burgeoning tourism industry, amenities have been constructed to serve visitors, including a shopping centre and country club resort. The RubiCon Estuary is home to many species of birds, including pied oystercatchers – as a result, it has been designated as an Important Bird Area.