Suburb Profile Report for Franklin TAS (7113)

Franklin House: Median price $350,000, Annual capital growth 5.95%, Number of sales 15, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

At number 1244th in the list of Australian suburbs ordered by increase in median house value over the last year, Franklin, 7113 is in the top 40% with a property value increase of 9.38% recorded in median house prices.

A 28.21% growth in median value for property investors in Franklin,7113 puts this suburb at number 9th in terms of best performing suburbs in TAS

LACK OF BUYER INTEREST may well be the reason that Franklin is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 66th in terms of most discounted suburbs in TAS

In the last year 15 properties changed hands in Franklin, which puts it as the 146th most active market in TAS when comparing the number of sales per suburb.

HOUSE UNIT
$350,000 N/A
10.41% N/A
9.38% N/A
5.95% N/A
N/A N/A
15 N/A
N/A N/A
139.42 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1102
Median household income ($/weekly) 1007
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 160 14.5
    35-44 years 164 14.9
    45-54 years 180 16.3
    55-64 years 169 15.3
    65-74 years 89 8.1
    Others 341 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 341 47.3
    Not Married 271 37.6
    Defacto Relationship 109 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 897 84.4
    Greece 13 1.2
    Papua New Guinea 15 1.4
    United Kingdom 96 9.0
    Other 13 1.2
    Others 29 2.7
    Country of Birth
    Census Count Percent(%)
    Christianity 595 61.0
    No Religion 366 37.5
    Other Religious Groups 9 0.9
    Buddhism 6 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 16.9
    $600-$799 30 8.9
    $1,000-$1,249 37 11.0
    $1,250-$1,499 30 8.9
    $1,500-$1,999 52 15.4
    Others 131 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 389 45.0
    Employed, worked full-time 246 28.5
    Employed, worked part-time 173 20.0
    Unemployed, looking for work 34 3.9
    Employed, away from work 22 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 62 14.1
    Professionals 80 18.2
    Technicians & trades workers 69 15.7
    Clerical & administrative workers 59 13.4
    Labourers 70 15.9
    Others 100 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 9 3.9
    Infants/Primary 104 45.2
    Secondary 68 29.6
    Technical or Further Educational Institution 25 10.9
    University or other Tertiary Institutions 18 7.8
    Others 6 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 912 96.8
    House or flat attached to a shop, office 12 1.3
    Caravan, cabin, houseboat 10 1.1
    Improvised home, tent, sleepers out 5 0.5
    Flat, unit or apartment 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 150 41.4
    Fully owned 146 40.3
    Rented 61 16.9
    Other tenure type 5 1.4
    Tenure Type
Census 2011, ABS
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