Based on its average 5-year and quarterly capital gains SHEARWATER, 7307 saw average decrease in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that SHEARWATER, 7307 obtained a 1.47% growth over a ten-year period. It ranks 3422nd on our list of suburbs that property investors should look into.
SHEARWATER, 7307 in TAS belongs to the local government area of Latrobe.
SHEARWATER, 7307 has a capital gain of -10.22% for the past year, which is lower than average compared to its -4.41% growth within a five-year period.
With the median home price in SHEARWATER sitting at $325,000, and the average rent at $330, property owners could potentially earn a 5.28% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SHEARWATER are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in SHEARWATER, 7307 translates to a -1.2% capital gain.
SHEARWATER, 7307 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 $247,000.
Profits due to an downward trend in home prices in SHEARWATER, 7307 averaged -0.4% per annum over a 3-year period.
Home owners selling their properties and realtors in SHEARWATER usually have to wait an average of 100.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $277.5 mark, reflecting a 5.84% increase in returns based on the current median price in SHEARWATER.
SHEARWATER, 7307 places 34th in Australia based on median property value growth during the quarter.