Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $299,000, Annual capital growth 2.06%, Number of sales 42, Weekly median advertised rent $340

Hadspen Unit: Median price $185,000, Annual capital growth 11.33%, Number of sales 26, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hadspen has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.64%

Hadspen,7290 was ranked 971 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Hadspen are currently offering property investors an average price cut of -6.95% below the asking price at the moment.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.91%, without taking into account capital value appreciation, which has been averaging out at 2.06%.

Hadspen is in the bottom 40% in TAS when comparing median price capital growth over the last year. Hadspen gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Hadspen, 7290 is offering TAS ‘s 11th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this TAS.

In the last year 26 properties changed hands in Hadspen, which puts it as the 26th most active market in TAS when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$299,000 $185,000
3.82% 3.93%
10.64% 0.00%
2.06% 11.33%
$340 N/A
42 26
5.91% N/A
60.79 118.2

Source: CoreLogic

DSR Score for property investment : 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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