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Shearwater

Suburb Profile

Shearwater - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7307

house
unit

Based on its average 5-year and quarterly capital gains SHEARWATER, 7307 saw average growth 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 4.24% growth over a ten-year period. It ranks 1866th on our list of suburbs that property investors should look into.

SHEARWATER, 7307 in TAS belongs to the local government area of Latrobe (M) (Tas.).

SHEARWATER, 7307 has a capital gain of 19.4% for the past year, which is higher than average compared to its 32.42% growth within a five-year period.

With the median home price in SHEARWATER sitting at $437,000, and the average rent at $350, property owners could potentially earn a 4.16% increase in gross rental yield.

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

A 19.4% increase in median property prices in SHEARWATER, 7307 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 31st.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $437,000 $320,000
GROWTH REPORT
Median Quarterly 10.63% 0.79%
Median 12 month 19.4% 10.34%
Median 3 years 20.72% 23.08%
Median 5 years 32.42% 23.08%
10 years average annual 4.24% 3.54%
Weekly media advert. rent $350 $275
Time on Market 67.4 days 75.6 days
Gross Rental Yield Percent 4.16% 4.47%
demographics (median values)
Total Population
691
Weekly Household Income
688.9
Household Size
2.10
demographics
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