Suburb Profile Report for Claremont TAS (7011)

Claremont House: Median price $260,000, Annual capital growth 2.52%, Number of sales 132, Weekly median advertised rent $310

Claremont Unit: Median price $189,000, Annual capital growth 2.86%, Number of sales 51, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Claremont, 7011 have given investors a capital gain of -3.17%. This compares badly with the 3.72% for TAS as a whole.

If we look at median property appreciation over just the last three months, Claremont has given property investors a paper return of -1.14%. This puts Suburb as 116 on a list of fastest fasting appreciating suburbs in TAS

Our latest figures would indicate that property sellers in Claremont are currently offering property investors an average price cut of -5.06% below the asking price at the moment.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

At number 736th in the list of Australian suburbs ordered by increase in median house value over the last year, Claremont, 7011 is in the top half with a property value increase of 4.42% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Claremont has fallen somewhat when compared to the 5 year average annual rate.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Claremont itself are offering an average vendor discount of -6.88% to real estate investors.

On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.86%, investors should hope to achieve an overall return of 6.88%

YIP MAG Information supplied by:

YIP MAG
July 2016

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Just under 15km north of Hobart on the banks of the famous Derwent River, Claremont offers value for money that seems to be attracting buyers.Full summary Just under 15km north of Hobart on the banks of the famous Derwent River, Claremont offers value for money that seems to be attracting buyers.

Real Estate Investar’s figures show that current stock on market levels have fallen by nearly a third over the past 12 months.

Those buying in Claremont may be attracted by the suburb’s potential to deliver cash flow positive properties, as houses are returning yields of 6%, while apartments are returning 7%.

While their yields are similar, the capital growth performance of houses and units in the suburb varies.

House prices have remained relatively flat recently, with growth of only 8% in the past five years, but unit prices have struggled.

The median unit price is currently $183,000, having fallen 8% in the last five yearsClose
HOUSE UNIT
$260,000 $189,000
-1.14% 0.00%
-3.17% 4.42%
2.52% 2.86%
$310 $250
132 51
6.20% 6.88%
70.4 103.33

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7681
Median household income ($/weekly) 874
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 966 12.6
    25-34 years 1042 13.6
    35-44 years 919 12.0
    45-54 years 1025 13.3
    55-64 years 768 10.0
    Others 2961 38.5
    Age Group
    Census Count Percent(%)
    Not Married 2573 45.4
    Registered Married 2327 41.1
    Defacto Relationship 766 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6730 91.9
    Greece 28 0.4
    Papua New Guinea 40 0.5
    United Kingdom 286 3.9
    Other 90 1.2
    Others 146 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.3
    Christianity 5072 72.8
    Islam 15 0.2
    Other Religious Groups 23 0.3
    No Religion 1838 26.4
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 338 11.9
    $400-$599 439 15.5
    $600-$799 353 12.5
    $800-$999 305 10.8
    $1,500-$1,999 313 11.0
    Others 1086 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2454 41.6
    Employed, worked full-time 1996 33.8
    Employed, worked part-time 1024 17.3
    Unemployed, looking for work 226 3.8
    Employed, away from work 204 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 582 18.1
    Community & personal service workers 399 12.4
    Clerical & administrative workers 554 17.2
    Sales 393 12.2
    Labourers 448 13.9
    Others 845 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 61 4.1
    Infants/Primary 663 44.7
    Secondary 391 26.3
    Technical or Further Educational Institution 223 15.0
    University or other Tertiary Institutions 101 6.8
    Others 45 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5983 83.0
    Flat, unit or apartment 620 8.6
    Semi-detached, row or terrace house, townhouse 595 8.3
    House or flat attached to a shop, office 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1126 37.1
    Fully owned 951 31.3
    Rented 941 31.0
    Other tenure type 21 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals