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Waverley

POSTAL CODE: TAS, 7250
HOUSE

Property investors have seen a -0.8% drop in WAVERLEY based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on WAVERLEY, 7250 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 11%.

Based on its average 5-year and quarterly capital gains WAVERLEY, 7250 saw average growth in the long term.

The TAS suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $431,500

Profits averaged 6.67% per annum over a 3-year period, due to an upward trend in home prices in WAVERLEY, 7250.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

The gross rental yield in WAVERLEY, 7250 is 5.42%.

An average of 2 real estate transactions take place per month in WAVERLEY which translates to 24 per annum.

Surburb overview

Waverley is a suburb located approximately 5 kilometres east of the central business district (CBD) of Launceston, Tasmania. This close proximity to the CBD makes it a convenient location for residents who work or frequently visit the city centre.

As of the most recent census, Waverley has a population of around 1,500 residents. The demographic profile of the suburb includes a mix of families, young professionals, and retirees. The area has a relatively diverse age range, with a significant number of children and teenagers, which is indicative of its family-friendly environment.

Waverley falls under the jurisdiction of the City of Launceston local government area. This ensures that the suburb benefits from the services and infrastructure provided by one of Tasmania's major cities. Public transportation in Waverley is well-developed, with regular bus services connecting the suburb to Launceston and other surrounding areas. This makes commuting straightforward for those who rely on public transit.

In terms of nearby establishments, Waverley is well-served by a variety of amenities. There are several primary and secondary schools within easy reach, including Waverley Primary School, which serves the local community. For shopping needs, residents can visit the nearby Newstead shopping precinct, which offers a range of retail stores, supermarkets, and dining options.

The suburb is also home to several parks and recreational facilities, providing ample opportunities for outdoor activities. Waverley Lake Park is a popular spot for picnics, walking, and enjoying the natural surroundings. The park includes a playground, BBQ facilities, and walking trails, making it a favourite among families and fitness enthusiasts.

Additionally, Waverley has a vibrant community spirit with various local events and activities organised throughout the year. These events foster a sense of community and provide residents with opportunities to engage and socialise.

Waverley's combination of convenient location, comprehensive amenities, and strong community atmosphere makes it an attractive suburb for a wide range of residents.

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