Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $288,000, Annual capital growth 1.83%, Number of sales 35, Weekly median advertised rent $340

Hadspen Unit: Median price $178,000, Annual capital growth 6.87%, Number of sales 24, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Hadspen is an average performer in TAS when comparing median price capital growth over the last year. Hadspen gave property investors a average capital gain figure when compared to the rest of the state, with 5.69%.

Comparing Hadspen,7290 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Hadspen itself are offering an average vendor discount of -7.56% to real estate investors.

Hadspen, 7290’s gross rental yield is 6.14%

Property investors who have had real estate in Hadspen, 7290 should be relatively 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 -1.39%

Over the longer term, Hadspen has seen property prices show investors a 18.67% return over the last 3 years. This is worse than over the last 12 months

At number 14th of TAS’s most discounted properties, Hadspen is in the bottom 30% 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 7.30%, without taking into account capital value appreciation, which has been averaging out at 6.87%.

Metrics i HOUSE UNIT
$288,000 $178,000
-0.35% -3.78%
5.69% -1.39%
1.83% 6.87%
$340 $250
35 24
6.14% 7.30%
63.92 118.2

Source: CoreLogic

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