Over the last year, property investments in Ulverstone, 7315 have given investors a capital gain of 3.85%. This compares badly with the 12.21% for TAS as a whole.
Ulverstone,7315 was ranked 2070 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.46% offered to property buyers. Sellers in Ulverstone itself are offering an average vendor discount of -6.03% to real estate investors.
Often selling an investment property can take time, and in Ulverstone the average time real estate has been on the market is 105.37 days.
Renters in Suburb are facing rents around $14560 per annum or $280 every week.
With a capital gain of 3.33% for the last 12 months, Ulverstone, 7315 has performed for property investments than its average annual 1.32% property growth over the last 5 years.
Ulverstone,7315 was ranked 1395 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Ulverstone should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Ulverstone, 7315 is in the Central Coast local government area.
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March 2018
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Situated at the mouth of the Leven River, Ulverstone is a lively seaside suburb that is a great holiday destination given the presence of beaches and natural sceneryFull summary
Laid-back lifestyle attracts buyers
Postcode: 7315
Median unit price: $244,000
Three-year growth: 16.2%
Rental yield: 4.7%
Situated at the mouth of the Leven River, Ulverstone is a lively seaside suburb that is a great holiday destination given the presence of beaches and natural scenery.
Ulverstone has not seen particularly strong, if consistent, growth in the past five years leading up to December 2017, although it did record an 8.2% rise in unit prices in the December 2016-2017 period. Nonetheless, with the regional areas of Tasmania potentially catching a spillover from Hobart, it may be a good time to enter the market while prices are low.
Ulverstone is one of the largest towns in the state and is stocked with parklands and gardens providing lovely views of the surroundings. It is also a foodie stop given the strong tradition of agriculture.
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