Property investors enjoyed capital gains of 16.63% over the last 12 months in GEEVESTON, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 4.77% growth over a ten-year period. It ranks 1612th on our list of suburbs that property investors should look into.
GEEVESTON, 7116 has a capital gain of 16.63% for the past year, which is higher than average compared to its 17.4% growth within a five-year period.
With the median home price in GEEVESTON sitting at $268,250, and the average rent at $280, property owners could potentially earn a 5.43% increase in gross rental yield.
A 16.63% increase in median property prices in GEEVESTON, 7116 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 50th.
Figures from the previous quarter show that capital gains for real estate buyers in GEEVESTON are low, as opposed to average gains per annum over the past five years.
GEEVESTON, 7116 in TAS belongs to the local government area of Huon Valley.