Suburb Profile Report for Seven Mile Beach TAS (7170)

Seven Mile Beach House: Median price $422,500, Annual capital growth 2.93%, Number of sales 23, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Investment property in Seven Mile Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.44%

Comparing Seven Mile Beach,7170 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Seven Mile Beach should be aiming for at least -7.67% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3064 in a list of fastest selling suburbs, Seven Mile Beach is in the bottom 20% of suburbs in Australia with an average of days on market 115.36 for properties listed there.

HOUSE UNIT
$422,500 N/A
-1.74% N/A
-12.44% N/A
2.93% N/A
N/A N/A
23 N/A
N/A N/A
115.36 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very 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