Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $289,000, Annual capital growth 1.79%, Number of sales 25, Weekly median advertised rent $320

Hadspen Unit: Median price $177,500, Annual capital growth 9.18%, Number of sales 20, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hadspen, 7290 have given investors a capital gain of 6.06%. This compares averagely with the 5.57% for TAS as a whole.

Over the longer term, Hadspen has seen property prices show investors a 4.33% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -7.44% to buyers in Hadspen at the moment, which is less than average for the rest of TAS.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 1.79%.

Hadspen is an average performer in TAS when comparing median price capital growth over the last year. Hadspen gave property investors a good capital gain figure when compared to the rest of the state, with 7.58%.

Over the longer term, Hadspen has seen property prices show investors a 26.79% return over the last 3 years. This is worse than over the last 12 months

At number 31th of TAS’s most discounted properties, Hadspen is in the TOP 40% of the state/territory when listing in order of most discounted to least.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 7.32%, without taking into account capital value appreciation, which has been averaging out at 9.18%.

Metrics i HOUSE UNIT
$289,000 $177,500
3.21% -4.05%
6.06% 7.58%
1.79% 9.18%
$320 $250
25 20
5.76% 7.32%
58.5 107

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2061
Median household income ($/weekly) 1133
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 317 15.4
    25-34 years 265 12.9
    35-44 years 320 15.5
    45-54 years 278 13.5
    55-64 years 228 11.1
    Others 654 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 846 55.7
    Not Married 507 33.4
    Defacto Relationship 166 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1858 92.6
    Greece 12 0.6
    New Zealand 11 0.5
    United Kingdom 82 4.1
    Other 13 0.6
    Others 31 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1388 71.4
    No Religion 554 28.5
    Other Religious Groups 3 0.2
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 98 13.9
    $800-$999 76 10.7
    $1,000-$1,249 73 10.3
    $1,250-$1,499 73 10.3
    $1,500-$1,999 116 16.4
    Others 271 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 631 40.4
    Not in the labour force 452 29.0
    Employed, worked part-time 362 23.2
    Employed, away from work 69 4.4
    Unemployed, looking for work 47 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 132 12.5
    Technicians & trades workers 189 17.8
    Community & personal service workers 112 10.6
    Clerical & administrative workers 166 15.7
    Sales 142 13.4
    Others 318 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.0
    Infants/Primary 202 42.0
    Secondary 163 33.9
    Technical or Further Educational Institution 51 10.6
    University or other Tertiary Institutions 29 6.0
    Others 12 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1882 93.7
    Semi-detached, row or terrace house, townhouse 92 4.6
    Flat, unit or apartment 31 1.5
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 369 48.0
    Fully owned 262 34.1
    Rented 134 17.4
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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