Suburb Profile Report for Derwent Park TAS (7009)

Derwent Park House: Median price $311,250, Annual capital growth 6.26%, Number of sales 14, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property investors who have had real estate in Derwent Park, 7009 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 24.48%

While Derwent Park,7009 ranked number 3rd in TAS for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

The most recent median price for Derwent Park is $311250, with sellers offering an average of -3.64% off the asking price.

Residents and property investors in Derwent Park have been waiting around 58.45 days to sell a property.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.85%, without taking into account capital value appreciation, which has been averaging out at 6.26%.

Metrics i HOUSE UNIT
$311,250 N/A
19.71% N/A
24.48% N/A
6.26% N/A
$350 N/A
14 N/A
5.85% N/A
58.45 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Derwent Park TAS
Demographics
Total population 619
Median household income ($/weekly) 812
Median age of persons 36
Median housing loan repayment ($/monthly) 1400
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 93 15.0
    25-34 years 94 15.1
    35-44 years 87 14.0
    45-54 years 81 13.0
    55-64 years 62 10.0
    Others 204 32.9
    Age Group
    Census Count Percent(%)
    Not Married 246 56.0
    Registered Married 132 30.1
    Defacto Relationship 61 13.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 535 91.3
    China 3 0.5
    Poland 6 1.0
    United Kingdom 12 2.0
    Other 12 2.0
    Others 18 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 356 65.2
    No Religion 176 32.2
    Other Religious Groups 6 1.1
    Buddhism 5 0.9
    Islam 3 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 29 13.6
    $400-$599 36 16.9
    $600-$799 25 11.7
    $800-$999 36 16.9
    $1,250-$1,499 22 10.3
    Others 65 30.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 190 41.9
    Employed, worked full-time 133 29.3
    Employed, worked part-time 81 17.8
    Employed, away from work 25 5.5
    Unemployed, looking for work 25 5.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 27 11.3
    Technicians & trades workers 42 17.6
    Community & personal service workers 42 17.6
    Clerical & administrative workers 28 11.7
    Labourers 44 18.4
    Others 56 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 3 2.3
    Infants/Primary 61 47.3
    Secondary 31 24.0
    Technical or Further Educational Institution 22 17.1
    Other type of educational institution 9 7.0
    Others 3 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 540 93.6
    Flat, unit or apartment 31 5.4
    Semi-detached, row or terrace house, townhouse 3 0.5
    House or flat attached to a shop, office 3 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 104 43.3
    Fully owned 69 28.8
    Being purchased 67 27.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals