Suburb Profile Report for Old Beach TAS (7017)

Old Beach House: Median price $362,000, Annual capital growth 2.80%, Number of sales 67, Weekly median advertised rent $370

Old Beach Unit: Median price $285,000, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Old Beach is in the TOP 30% in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a good capital gain figure when compared to the rest of the state, with 8.06%.

When looking at the potential capital gains offered to property investors over the last 3 years, Old Beach comes in at number 89th in TAS.

Property investors looking for a bargain in Old Beach should be aiming for at least -5.77% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $370 mark per week – giving a return of 5.31% based on the median price in Suburb

Old Beach,7017 was ranked 397 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Old Beach are currently offering property investors an average price cut of -5.58% below the asking price at the moment.

Residents and property investors in Old Beach have been waiting around 124.91 days to sell a property.

HOUSE UNIT
$362,000 $285,000
0.56% 2.70%
8.06% N/A
2.80% N/A
$370 $310
67 15
5.31% 5.66%
71.03 124.91

Source: CoreLogic

DSR Score for property investment : Balanced (U), Very good (H)
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Demographics
Total population 3169
Median household income ($/weekly) 1489
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 454 14.3
    25-34 years 370 11.7
    35-44 years 506 16.0
    45-54 years 520 16.4
    55-64 years 395 12.5
    Others 923 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 1302 57.6
    Not Married 630 27.9
    Defacto Relationship 328 14.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2765 90.1
    Greece 16 0.5
    Papua New Guinea 39 1.3
    United Kingdom 128 4.2
    Other 27 0.9
    Others 95 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 0.7
    Christianity 2183 74.8
    Hinduism 3 0.1
    Islam 6 0.2
    No Religion 703 24.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 108 11.0
    $1,000-$1,249 88 9.0
    $1,250-$1,499 95 9.7
    $1,500-$1,999 180 18.3
    $2,000-$2,499 156 15.9
    Others 356 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1099 44.9
    Not in the labour force 687 28.1
    Employed, worked part-time 512 20.9
    Employed, away from work 98 4.0
    Unemployed, looking for work 53 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 12.0
    Professionals 213 12.4
    Technicians & trades workers 268 15.6
    Community & personal service workers 207 12.1
    Clerical & administrative workers 342 20.0
    Others 478 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 27 3.6
    Infants/Primary 323 43.6
    Secondary 213 28.8
    Technical or Further Educational Institution 100 13.5
    University or other Tertiary Institutions 62 8.4
    Others 15 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2864 97.0
    Flat, unit or apartment 62 2.1
    Semi-detached, row or terrace house, townhouse 23 0.8
    Caravan, cabin, houseboat 4 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 632 58.8
    Fully owned 308 28.7
    Rented 131 12.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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