Suburb Profile Report for Seven Mile Beach TAS (7170)

Seven Mile Beach House: Median price $422,500, Annual capital growth 2.69%, Number of sales 27, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Seven Mile Beach is in the bottom 10% in TAS when comparing median price capital growth over the last year. Seven Mile Beach gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.70%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seven Mile Beach has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Seven Mile Beach should be aiming for at least -6.66% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

Situated 14.44km from the CBD, Seven Mile Beach is one of Clarence localities in the postcode 7170.

HOUSE UNIT
$422,500 N/A
-0.59% N/A
-11.70% N/A
2.69% N/A
N/A N/A
27 N/A
N/A N/A
102.79 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1115
Median household income ($/weekly) 1561
Median age of persons 41
Median housing loan repayment ($/monthly) 1500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 160 14.3
    25-34 years 95 8.5
    35-44 years 164 14.7
    45-54 years 215 19.3
    55-64 years 158 14.2
    Others 323 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 475 57.0
    Not Married 266 31.9
    Defacto Relationship 92 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 977 89.2
    New Zealand 8 0.7
    Papua New Guinea 14 1.3
    United Kingdom 71 6.5
    Other 9 0.8
    Others 16 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 676 65.2
    No Religion 353 34.0
    Buddhism 8 0.8
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 35 9.6
    $1,000-$1,249 36 9.8
    $1,500-$1,999 60 16.4
    $2,000-$2,499 44 12.0
    $2,500-$2,999 41 11.2
    Others 150 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 377 43.3
    Employed, worked part-time 232 26.6
    Not in the labour force 214 24.6
    Employed, away from work 26 3.0
    Unemployed, looking for work 22 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 84 13.2
    Professionals 146 23.0
    Technicians & trades workers 89 14.0
    Clerical & administrative workers 136 21.4
    Sales 67 10.6
    Others 113 17.8
    Occupation
    Census Count Percent(%)
    Pre-school 9 3.0
    Infants/Primary 113 38.0
    Secondary 83 27.9
    Technical or Further Educational Institution 30 10.1
    University or other Tertiary Institutions 56 18.9
    Others 6 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1067 99.0
    Caravan, cabin, houseboat 11 1.0
    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(%)
    Being purchased 207 51.5
    Fully owned 148 36.8
    Rented 47 11.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals