TAS has seen average median house prices change by 19.13% which means that Queenstown, 7467 has done well for property investors by showing a capital gain of 27.69% over the last year
Queenstown,7467 has offered an average of 27.69% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Queenstown is offering property investors an average of -2.27. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in TAS
Often selling an investment property can take time, and in Queenstown the average time real estate has been on the market is 65.9545 days.
The TAS suburb of Queenstown, 7467 is in the West Coast (M) local government area.
Information supplied by:
Queenstown is located 165km northwest of Hobart on Tasmania’s west coast, on the western slopes of Mount Oliver. It’s a relatively small community, with a population estimated at 5,119 in 2009. It’s got a rich mining history, having been the centre of the Mount Lyell mining district in the early twentieth century.
Its present industry still features mining, but is not reliant upon it – a number of mines still operate in the area, with exploration for further economic mineral deposits currently taking place. The town is also a popular tourism spot and is the terminus of the West Coast Wilderness Railway; additionally, it is home to a growing arts community, and hosted an arts and heritage festival in 2010.
Amenity-wise, the town is self-sufficient, with shops, cafes and restaurants centred around Orr Street and Sticht Street. The town also offers access to the Cradle Lake Mount St Clair National Park, the Franklin-Gordon Wild Rivers National Park, and Macquarie Harbour. Access is from the rest of the island is by car or daily bus to Hobart.
Investors may be interested in the scope for cash flow positive properties at very affordable prices. The median house price here is among the lowest in the country, while rental yields are approaching double digits.