Suburb Profile Report for Old Beach TAS (7017)

Old Beach House: Median price $390,000, Annual capital growth 3.33%, Number of sales 83, Weekly median advertised rent $378

Old Beach Unit: Median price $292,500, Annual capital growth 1.09%, Number of sales 20, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Old Beach is an average performer in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a average capital gain figure when compared to the rest of the state, with 8.33%.

Old Beach,7017 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Old Beach itself are offering an average vendor discount of -5.06% to real estate investors.

On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.

With the median price for a house in Old Beach being $390000 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 5.03%

Old Beach is an average performer in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a average capital gain figure when compared to the rest of the state, with 5.41%.

Vendor discounting in Old Beach is giving property investors an average Vendor Discount of around -3.39%. This puts suburb at number 40th in TAS when ranking the most discounted suburbs.

At number 1403 in a list of fastest selling suburbs, Old Beach is in the bottom 10% of suburbs in Australia with an average of days on market 137.93 for properties listed there.

Situated 11.03km from the CBD, Old Beach is one of Brighton localities in the postcode 7017.

Metrics i HOUSE UNIT
$390,000 $292,500
0.00% N/A
8.33% 5.41%
3.33% 1.09%
$378 N/A
83 20
5.03% N/A
70.68 137.93

Source: CoreLogic

DSR Score for property investment : Good (U), 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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