Suburb Profile Report for Chigwell TAS (7011)

Chigwell House: Median price $212,000, Annual capital growth 3.15%, Number of sales 33, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of 2.17% for the last 12 months, Chigwell, 7011 has performed for property investments than its average annual 3.15% property growth over the last 5 years.

A 1.92% growth in median value for property investors in Chigwell,7011 puts this suburb at number 47th in terms of best performing suburbs in TAS

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.18% offered to property buyers. Sellers in Chigwell itself are offering an average vendor discount of -6.84% to real estate investors.

Residents and property investors in Chigwell have been waiting around 91.96 days to sell a property.

The TAS suburb of Chigwell, 7011 is in the Glenorchy local government area.

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While Chigwell's recent capital growth figures haven't been spectacular, it's strong rental yields will be of particular interest to property investors.

Full summary

While Chigwell's recent capital growth figures haven't been spectacular, it's strong rental yields will be of particular interest to property investors.

At around 11km north of Hobart city centre, Chigwell is well situated along the Brooker Highway, and is a five-minute drive from the scenic Lowestoft Bay and Berriedale Foreshore Reserve. It's also well served by public transport.

Schools and major shopping centres are nearby, while the Royal Hobart Showgrounds, Elwick Racecourse, Derwent Entertainment Centre and the popular Aquatic Leisure Centre are all a five-minute drive away.

The suburb’s relative affordability is another major strong point. Its median house price is close to $50,000 lower than that of neighbouring Berriedale, for example.

Petrusma Property sales representative Tegan Rainbird says Chigwell’s comparative affordability and great rental returns make it an attractive location to invest in.

“We’re tending to find that people that have bought there, say four or five years ago, that are on our books as investors, have definitely made money,” Rainbird says.

“People are tending to really look for the bargains – you can still buy a nice three-bedroom house or three-bedroom villa for under $200,000.”

Allunga Road is a popular choice for investors, but Rainbird advises keeping an eye on Boondar Street as an up and coming part of Chigwell.

Close
HOUSE UNIT
$212,000 N/A
3.92% N/A
2.17% N/A
3.15% N/A
$305 N/A
33 N/A
7.48% N/A
91.96 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1811
Median household income ($/weekly) 794
Median age of persons 33
Median housing loan repayment ($/monthly) 1296
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 247 13.6
    25-34 years 267 14.7
    35-44 years 245 13.5
    45-54 years 203 11.2
    65-74 years 162 8.9
    Others 688 38.0
    Age Group
    Census Count Percent(%)
    Not Married 636 50.1
    Registered Married 429 33.8
    Defacto Relationship 204 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1587 93.2
    Papua New Guinea 7 0.4
    South Africa 6 0.4
    United Kingdom 39 2.3
    Other 28 1.6
    Others 36 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 7 0.4
    Christianity 1101 68.8
    Hinduism 9 0.6
    Other Religious Groups 11 0.7
    No Religion 470 29.4
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 85 13.2
    $400-$599 93 14.4
    $600-$799 93 14.4
    $800-$999 69 10.7
    $1,000-$1,249 79 12.2
    Others 226 35.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 563 42.7
    Employed, worked full-time 405 30.8
    Employed, worked part-time 239 18.1
    Unemployed, looking for work 63 4.8
    Employed, away from work 47 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 106 15.3
    Community & personal service workers 96 13.9
    Clerical & administrative workers 105 15.2
    Sales 84 12.2
    Labourers 124 17.9
    Others 176 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 19 4.8
    Infants/Primary 165 41.5
    Secondary 98 24.6
    Technical or Further Educational Institution 74 18.6
    University or other Tertiary Institutions 31 7.8
    Others 11 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1487 87.7
    Semi-detached, row or terrace house, townhouse 152 9.0
    Flat, unit or apartment 56 3.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 290 41.9
    Rented 226 32.7
    Fully owned 173 25.0
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals