With a capital gain of 9.21% for the last 12 months, Ulverstone, 7315 has performed for property investments than its average annual 2.44% property growth over the last 5 years.
Ulverstone,7315 was ranked 557 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 -4.94% off the asking price, which is the average vendor discount being achieved at the moment.
TAS has seen average median house prices change by 6.12% which means that Ulverstone, 7315 has done well for property investors by showing a capital gain of 10.48% over the last year
While Ulverstone,7315 ranked number 60th in TAS for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Ulverstone is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in TAS
A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 1.98%.
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Ulverstone, TAS – A laidback atmosphere at low cost
Postcode: 7315
Median unit price: $239,000
Three-year growth: 7.9%
Rental yield: 5.4%
A seaside suburb on the mouth of the Leven River, Ulverstone is the perfect place to kick back and relax, with its abundance of natural attractions and beaches at a low median price of less than $250,000.
The local river and estuary are excellent fishing spots, and incredible views of the town can be enjoyed while walking through the zig-zig gardens of Maud Street. There are river cruises that allow residents to enjoy meals on the riverbank. Cycle tracks along the beach make for enjoyable walks and exercise.
Ulverstone also has a thriving food scene thanks to its agricultural industry. The suburb is known for its excellent coffee and seasonal produce.