Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $286,500, Annual capital growth 1.64%, Number of sales 22, Weekly median advertised rent $310

Hadspen Unit: Median price $177,500, Annual capital growth 11.44%, Number of sales 16, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 3.43% for the last 12 months, Hadspen, 7290 has performed for property investments than its average annual 1.64% property growth over the last 5 years.

A 2.69% growth in median value for property investors in Hadspen,7290 puts this suburb at number 58th in terms of best performing suburbs in TAS

LACK OF BUYER INTEREST may well be the reason that Hadspen is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 82th in terms of most discounted suburbs in TAS

In the last year 22 properties changed hands in Hadspen, which puts it as the 120th most active market in TAS when comparing the number of sales per suburb.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

Over the last year, property investments in Hadspen, 7290 have given investors a capital gain of 7.58%. This compares favourably with the 4.00% for TAS as a whole.

Property buyers and investors in Hadspen 7290 should be seeing an average reduction in asking price of around -5.07% . This means that Hadspen is holding prices well when compared to other suburbs in TAS.

In the last year 16 properties changed hands in Hadspen, which puts it as the 33th most active market in TAS when comparing the number of sales per suburb.

Hadspen, 7290’s gross rental yield is 7.03%

Metrics i HOUSE UNIT
$286,500 $177,500
3.43% N/A
3.43% 7.58%
1.64% 11.44%
$310 $240
22 16
5.63% 7.03%
64.16 105.4

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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