Suburb Profile Report for Derwent Park TAS (7009)

Derwent Park House: Median price $250,000, Annual capital growth 3.61%, Number of sales 13, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

Derwent Park has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 8.23% to date .

While Derwent Park,7009 ranked number 108th in TAS for increase in median house value (annualised) increase, it is ranked 105th over the last 5 years.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 6.66%, without taking into account capital value appreciation, which has been averaging out at 3.61%.

HOUSE UNIT
$250,000 N/A
-0.02% N/A
8.23% N/A
3.61% N/A
$320 N/A
13 N/A
6.66% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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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