Suburb Profile Report for Otago TAS (7017)

Otago House: Median price $637,500, Annual capital growth 11.84%, Number of sales 12, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Investment property in Otago has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.84%

Property buyers and investors in Otago 7017 should be seeing an average reduction in asking price of around -8.43% . This means that Otago is holding prices well when compared to other suburbs in TAS.

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

The TAS suburb of Otago, 7017 is in the Clarence local government area.

Metrics i HOUSE UNIT
$637,500 N/A
5.37% N/A
11.84% N/A
11.84% N/A
N/A N/A
12 N/A
N/A N/A
109.58 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 556
Median household income ($/weekly) 1625
Median age of persons 48
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 72 13.0
    35-44 years 64 11.5
    45-54 years 115 20.7
    55-64 years 114 20.5
    65-74 years 53 9.5
    Others 137 24.7
    Age Group
    Census Count Percent(%)
    Registered Married 263 62.9
    Not Married 115 27.5
    Defacto Relationship 40 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 470 88.5
    Hong Kong 4 0.8
    Papua New Guinea 11 2.1
    United Kingdom 27 5.1
    Other 6 1.1
    Others 13 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 399 76.6
    No Religion 118 22.6
    Islam 4 0.8
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 17 10.1
    $1,000-$1,249 16 9.5
    $1,250-$1,499 20 11.8
    $1,500-$1,999 24 14.2
    $2,000-$2,499 29 17.2
    Others 63 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 171 38.8
    Not in the labour force 129 29.3
    Employed, worked part-time 120 27.2
    Employed, away from work 17 3.9
    Unemployed, looking for work 4 0.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 47 15.3
    Professionals 64 20.8
    Technicians & trades workers 49 16.0
    Community & personal service workers 29 9.4
    Clerical & administrative workers 57 18.6
    Others 61 19.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 59 44.4
    Secondary 37 27.8
    University or other Tertiary Institutions 28 21.1
    Technical or Further Educational Institution 6 4.5
    Other type of educational institution 3 2.3
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 515 98.8
    Caravan, cabin, houseboat 6 1.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 101 53.2
    Being purchased 80 42.1
    Rented 9 4.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals