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Sheffield

POSTAL CODE: TAS, 7306
HOUSE

Property investors enjoyed capital gains of 8.33% over the last 12 months in SHEFFIELD, 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 8.04% growth over a ten-year period. It ranks 1195th on our list of suburbs that property investors should look into.

SHEFFIELD, 7306 has a capital gain of 8.33% for the past year, which is lower than average compared to its 66.4% growth within a five-year period.

With the median home price in SHEFFIELD sitting at $520,000, and the average rent at $440, property owners could potentially earn a 4.4% increase in gross rental yield.

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

SHEFFIELD, 7306 in TAS belongs to the local government area of Kentish.

Surburb overview

Sheffield, known as the "Town of Murals," is a charming rural town located approximately 30 kilometres south of Devonport in Tasmania. Nestled at the foot of Mount Roland, Sheffield is renowned for its vibrant arts scene, scenic landscapes, and welcoming community.

The town has a population of around 1,500 residents. The demographic profile includes families, artists, retirees, and individuals drawn to its picturesque setting and artistic culture.

Sheffield is part of the Kentish Council local government area. The council is dedicated to maintaining the town’s infrastructure and supporting community initiatives.

Public transportation in Sheffield is limited, with most residents relying on private vehicles for commuting. The town is accessible via the Bass Highway, which connects it to Devonport and other parts of Tasmania. There are also bus services that link Sheffield with nearby towns and cities.

The town offers several key establishments and amenities to meet residents' needs. Sheffield District High School provides education from kindergarten through to year 10, serving as an essential institution for local families. For higher education and more specialised services, residents often travel to Devonport or Launceston.

Sheffield’s vibrant arts scene is a significant draw for residents and visitors alike. The town is famous for its murals, which depict various aspects of local history and culture. These murals are displayed on buildings throughout the town, creating an open-air art gallery that attracts tourists and fosters community pride.

Recreational activities in Sheffield are plentiful, with a strong emphasis on outdoor pursuits. The town is a gateway to the stunning landscapes of the Great Western Tiers and Cradle Mountain-Lake St Clair National Park. Popular activities include hiking, mountain biking, and exploring the numerous walking trails that offer breathtaking views of the surrounding countryside.

Mount Roland, towering over the town, provides opportunities for bushwalking and rock climbing. The Sheffield Recreation Ground is a focal point for local sports, offering facilities for football, cricket, and other community activities. The town also has a golf course, which is popular among residents and visitors.

Sheffield hosts several annual events that highlight its artistic and cultural heritage. The most notable is the International Mural Fest, a week-long festival where artists from around the world create murals based on a theme. This event draws significant attention and adds to the town’s reputation as a hub for creativity.

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