Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $350,000, Annual capital growth 4.80%, Number of sales 48, Weekly median advertised rent $300

Shearwater Unit: Median price $262,500, Annual capital growth 2.60%, Number of sales 16, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 3.12% which means that Shearwater, 7307 has done well for property investors by showing a capital gain of 7.69% over the last year

While Shearwater,7307 ranked number 82th in TAS for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.

Property buyers and investors in Shearwater 7307 should be seeing an average reduction in asking price of around -5.88% . This means that Shearwater is holding prices well when compared to other suburbs in TAS.

Situated 202.54km from the CBD, Shearwater is one of Latrobe localities in the postcode 7307.

At number 1083th in the list of Australian suburbs ordered by increase in median house value over the last year, Shearwater, 7307 is in the BOTTOM 40% with a property value increase of 0.48% recorded in median house prices.

Property investors looking for a bargain in Shearwater should be aiming for at least -12.24% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Shearwater, 7307’s gross rental yield is 4.95%

HOUSE UNIT
$350,000 $262,500
0.72% N/A
7.69% 0.48%
4.80% 2.60%
$300 $250
48 16
4.46% 4.95%
170.47 173.72

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 1481
Median household income ($/weekly) 870
Median age of persons 49
Median housing loan repayment ($/monthly) 1404
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 150 10.1
    25-34 years 163 11.0
    45-54 years 163 11.0
    55-64 years 247 16.7
    65-74 years 199 13.4
    Others 559 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 615 58.4
    Not Married 316 30.0
    Defacto Relationship 122 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1277 89.1
    Indonesia 9 0.6
    Papua New Guinea 21 1.5
    United Kingdom 98 6.8
    Other 7 0.5
    Others 21 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 953 69.9
    No Religion 395 29.0
    Buddhism 16 1.2
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 59 10.6
    $400-$599 101 18.2
    $600-$799 63 11.4
    $800-$999 65 11.7
    $1,500-$1,999 57 10.3
    Others 209 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 586 49.0
    Employed, worked full-time 356 29.7
    Employed, worked part-time 179 15.0
    Employed, away from work 47 3.9
    Unemployed, looking for work 29 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 83 14.4
    Professionals 104 18.0
    Technicians & trades workers 92 15.9
    Clerical & administrative workers 89 15.4
    Sales 62 10.7
    Others 148 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 15 5.7
    Infants/Primary 120 46.0
    Secondary 54 20.7
    Technical or Further Educational Institution 42 16.1
    University or other Tertiary Institutions 23 8.8
    Others 7 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1197 89.7
    Semi-detached, row or terrace house, townhouse 135 10.1
    Flat, unit or apartment 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 265 44.8
    Being purchased 162 27.4
    Rented 159 26.9
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
Chart Table
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