Suburb Profile Report for Primrose Sands TAS (7173)

Primrose Sands House: Median price $189,000, Annual capital growth 2.47%, Number of sales 43, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Primrose Sands, 7173 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -21.25%

Primrose Sands,7173 has offered an average of -21.25% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Primrose Sands is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in TAS

At number 3548 in a list of fastest selling suburbs, Primrose Sands is in the bottom 10% of suburbs in Australia with an average of days on market 142.77 for properties listed there.

With the median price for a house in Primrose Sands being $189000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 6.33%

YIP MAG Information supplied by:

YIP MAG
March 2016

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Sitting on a gorgeous strip of Tasmanian coastline, Primrose Sands is a quiet seaside retreat 27km east of Hobart and around 15km southeast of the Hobart AirportFull summary Sitting on a gorgeous strip of Tasmanian coastline, Primrose Sands is a quiet seaside retreat 27km east of Hobart and around 15km southeast of the Hobart Airport.

A 40-minute drive around the bay from Hobart, Primrose Sands links to Arthur Highway via Primrose Sands Road and Sugarloaf Road.

Residents enjoy a range of recreational amenities and water activities such as  shing, swimming and boating.

With such an impressive location, Primrose Sands has been a sought-after destination for holidaymakers for some time.

Budget-conscious investors may  nd the median house value of just $190,500 an attractive proposition, especially when you consider that the rental yield is a healthy 5.6% for houses and 10.5% for units.Close
Metrics i HOUSE UNIT
$189,000 N/A
-6.44% N/A
-21.25% N/A
2.47% N/A
$230 N/A
43 N/A
6.33% N/A
142.77 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 934
Median household income ($/weekly) 628
Median age of persons 47
Median housing loan repayment ($/monthly) 888
Average household size 2
  • Census Count Percent(%)
    25-34 years 101 10.8
    35-44 years 107 11.5
    45-54 years 166 17.8
    55-64 years 175 18.8
    65-74 years 106 11.4
    Others 278 29.8
    Age Group
    Census Count Percent(%)
    Not Married 292 43.7
    Registered Married 261 39.1
    Defacto Relationship 115 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 742 88.0
    New Zealand 10 1.2
    Papua New Guinea 18 2.1
    United Kingdom 50 5.9
    Other 12 1.4
    Others 11 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 563 69.9
    No Religion 224 27.8
    Buddhism 10 1.2
    Other Religious Groups 6 0.7
    Islam 3 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 15.1
    $400-$599 75 20.2
    $600-$799 58 15.6
    $800-$999 29 7.8
    $1,500-$1,999 34 9.1
    Others 120 32.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 361 49.5
    Employed, worked full-time 182 25.0
    Employed, worked part-time 111 15.2
    Unemployed, looking for work 48 6.6
    Employed, away from work 27 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 35 11.0
    Technicians & trades workers 44 13.8
    Community & personal service workers 48 15.1
    Clerical & administrative workers 42 13.2
    Labourers 58 18.2
    Others 91 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 7 5.9
    Infants/Primary 54 45.8
    Secondary 30 25.4
    Technical or Further Educational Institution 13 11.0
    University or other Tertiary Institutions 8 6.8
    Others 6 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 818 99.5
    Semi-detached, row or terrace house, townhouse 4 0.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 156 39.4
    Fully owned 152 38.4
    Rented 88 22.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals