Suburb Profile Report for South Arm TAS (7022)

South Arm House: Median price $352,500, Annual capital growth 4.57%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

With a capital gain of -9.27% for the last 12 months, South Arm, 7022 has performed for property investments than its average annual 4.57% property growth over the last 5 years.

Over the longer term, South Arm has seen property prices show investors a 6.02% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in South Arm should be aiming for at least -4.88% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1520 in a list of fastest selling suburbs, South Arm is just in the top half of suburbs in Australia with an average of days on market 71.71 for properties listed there.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.57%, investors should hope to achieve an overall return of 4.72%

HOUSE UNIT
$352,500 N/A
-3.42% N/A
-9.27% N/A
4.57% N/A
$320 N/A
16 N/A
4.72% N/A
71.71 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 833
Median household income ($/weekly) 1068
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 119 14.3
    25-34 years 76 9.1
    35-44 years 121 14.5
    45-54 years 139 16.7
    55-64 years 142 17.0
    Others 237 28.4
    Age Group
    Census Count Percent(%)
    Registered Married 307 50.6
    Not Married 205 33.8
    Defacto Relationship 95 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 715 90.6
    Greece 5 0.6
    Papua New Guinea 9 1.1
    United Kingdom 38 4.8
    Other 6 0.8
    Others 16 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 482 63.8
    No Religion 257 34.0
    Buddhism 14 1.9
    Judaism 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 39 12.5
    $600-$799 38 12.2
    $800-$999 33 10.6
    $1,000-$1,249 33 10.6
    $1,500-$1,999 43 13.8
    Others 125 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 238 37.0
    Not in the labour force 222 34.5
    Employed, worked part-time 126 19.6
    Unemployed, looking for work 29 4.5
    Employed, away from work 28 4.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 51 13.0
    Professionals 80 20.5
    Technicians & trades workers 64 16.4
    Community & personal service workers 45 11.5
    Clerical & administrative workers 65 16.6
    Others 86 22.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 93 46.7
    Secondary 42 21.1
    Technical or Further Educational Institution 19 9.5
    University or other Tertiary Institutions 36 18.1
    Other type of educational institution 6 3.0
    Others 3 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 772 99.2
    Caravan, cabin, houseboat 3 0.4
    House or flat attached to a shop, office 3 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 151 47.0
    Fully owned 118 36.8
    Rented 52 16.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals