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Summerhill

POSTAL CODE: TAS, 7250
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Property investors enjoyed capital gains of 6.72% over the last 12 months in SUMMERHILL, translating to lower returns compared with its peers in TAS.

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

The suburb posted a 8.6% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

On average, rents on listings have reached the $520 mark, reflecting a 4.6% increase in returns based on the current median price in SUMMERHILL.

SUMMERHILL, 7250 ranks 75th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 43rd on the list of best yielding suburbs for rental properties in TAS, posting a 4.6% return.

Surburb overview

Summerhill, a suburban area located approximately 6 kilometres southwest of Launceston’s central business district, is known for its family-friendly environment, well-maintained infrastructure, and proximity to essential amenities. 

The suburb has a population of around 3,500 residents. Summerhill’s welcoming atmosphere and range of activities make it an attractive place to live for people of all ages.

Summerhill falls under the jurisdiction of the City of Launceston local government area. The council is dedicated to maintaining the suburb’s infrastructure and providing essential services. 

Public transportation in Summerhill is well-developed, with several bus routes connecting the suburb to Launceston and other nearby areas. The suburb's road infrastructure is also excellent, facilitating smooth travel for those who prefer to drive.

The suburb is home to several educational institutions, including Summerdale Primary School and the nearby Prospect High School, which cater to the educational needs of local families. These institutions provide quality education from kindergarten through to secondary levels, making Summerhill an appealing choice for families with children.

Healthcare services in Summerhill are readily accessible, with the nearby Launceston General Hospital providing comprehensive medical care. Additionally, there are several medical clinics and pharmacies within the suburb, ensuring residents have access to necessary health services.

Shopping and dining options in Summerhill are plentiful. The suburb boasts a variety of shops, supermarkets, cafes, and restaurants that cater to diverse tastes and preferences. The nearby Prospect Vale Marketplace provides residents with easy access to daily necessities and leisure activities, offering everything from grocery stores to specialty shops and eateries.

Recreational activities are abundant in Summerhill, particularly for those who enjoy outdoor pursuits. The suburb is home to several parks and recreational spaces, including the popular Summerdale Reserve and Prospect Vale Park, which offer walking trails, playgrounds, and picnic areas. These parks provide perfect settings for family outings and outdoor activities.

Summerhill’s combination of urban convenience, community spirit, and recreational opportunities makes it a desirable place to live. Its proximity to Launceston’s city centre, excellent public services, and vibrant community atmosphere offer residents a balanced and fulfilling lifestyle. 

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