Suburb Profile Report for Primrose Sands TAS (7173)

Primrose Sands House: Median price $207,000, Annual capital growth 2.88%, Number of sales 60, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 3284th in the list of Australian suburbs ordered by increase in median house value over the last year, Primrose Sands, 7173 is in the BOTTOM 30% with a property value increase of -1.90% recorded in median house prices.

While Primrose Sands,7173 ranked number 103th in TAS for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Primrose Sands is offering property investors an average of -6.16. This rate of discount on properties puts Suburb at number 52th in terms of most discounted suburbs in TAS

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
$207,000 N/A
0.98% N/A
-1.90% N/A
2.88% N/A
$235 N/A
60 N/A
5.90% N/A
127.78 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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