Invermay

POSTAL CODE: TAS, 7248
HOUSE

Property investments in INVERMAY fare well against the rest of the country last year, registering a median home price increase of 10%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains INVERMAY, 7248 saw average growth in the long term.

Real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.8 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $495,000.

INVERMAY ranks 29th on the list of best yielding suburbs for rental properties in TAS, posting a 4.83% return.

Surburb overview

Invermay, with the postcode 7248, is a vibrant suburb located approximately two kilometres north of Launceston’s central business district in Tasmania. The population is around 4,000 residents, comprising a mix of families, professionals, students, and retirees, contributing to a dynamic and lively community.

Invermay falls under the jurisdiction of the City of Launceston, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston’s CBD and surrounding areas, making commuting convenient for residents. The suburb is also easily accessible by road, with major routes connecting it to other parts of Launceston and beyond.

Educational facilities in Invermay include Invermay Primary School, which caters to the educational needs of young children in the community. For secondary education, students typically attend nearby schools such as Launceston College and Launceston Church Grammar School. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. Additionally, the University of Tasmania’s Inveresk Campus is located within the suburb, attracting students and academics to the area.

For shopping and essential services, Invermay residents often visit the nearby Launceston CBD, which offers a variety of retail stores, supermarkets, cafes, and dining options. The suburb itself has several local shops, cafes, and convenience stores, providing additional convenience for residents.

Invermay is rich in recreational activities and cultural attractions. The Queen Victoria Museum and Art Gallery (QVMAG) at Inveresk is one of the most significant cultural institutions in Tasmania, offering exhibitions, events, and educational programs. The adjacent University of Tasmania’s School of Creative Arts and Media adds to the vibrant cultural scene.

York Park, also known as UTAS Stadium, is a major sports venue in Invermay, hosting Australian Football League (AFL) matches, cricket games, and other significant sporting events. The stadium is a focal point for sports enthusiasts and contributes to the community’s lively atmosphere.

The suburb’s proximity to the North Esk River provides opportunities for water-based activities such as kayaking, fishing, and riverside walks. The Seaport Boulevard and Royal Park are nearby, offering scenic spots for leisure and recreation.

Residents of Invermay benefit from its proximity to Launceston’s cultural and recreational attractions, including the Cataract Gorge Reserve, the Launceston Leisure & Aquatic Centre, and the Princess Theatre. The suburb’s strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the Tamar Valley and its renowned wineries.

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