Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $285,000, Annual capital growth 1.83%, Number of sales 30, Weekly median advertised rent $340

Hadspen Unit: Median price $170,000, Annual capital growth 7.50%, Number of sales 19, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Hadspen, 7290 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.46%

The five-year average increase in median property values for Hadspen,7290 has given property investors a potential capital gain of -0.35% across each of those five years.

Vendor discounting in Hadspen is giving property investors an average Vendor Discount of around -7.37%. This puts suburb at number 52th in TAS when ranking the most discounted suburbs.

Residents and property investors in Hadspen have been waiting around 68.92 days to sell a property.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 1.83%, investors should hope to achieve an overall return of 6.20%

Hadspen has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.49% to date .

While Hadspen,7290 ranked number 51th in TAS for increase in median house value (annualised) increase, it is ranked 45th over the last 5 years.

Hadspen7290 is located in TAS which offers an average discount of -5.14% to property investors. Hadspen itself is showing figures that indicate -4.72% is the average achievable by property buyers investing in the suburb.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 7.65%, without taking into account capital value appreciation, which has been averaging out at 7.50%.

Metrics i HOUSE UNIT
$285,000 $170,000
1.79% -8.11%
5.46% 1.49%
1.83% 7.50%
$340 $250
30 19
6.20% 7.65%
68.92 102.16

Source: CoreLogic

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