Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $360,000, Annual capital growth 3.95%, Number of sales 46, Weekly median advertised rent $300

Shearwater Unit: Median price $260,000, Annual capital growth 2.58%, Number of sales 19, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Shearwater 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 9.09%

Over the longer term, Shearwater has seen property prices show investors a 7.46% return over the last 3 years. This is an improvement over the last 12 months

The most recent median price for Shearwater is $360000, with sellers offering an average of -6.59% off the asking price.

The TAS suburb of Shearwater, 7307 is in the Latrobe local government area.

Property value increases in Shearwater have tracked close to the TAS average of 0.89% over the last 12 months.

Across a shorter period, Shearwater, 7307 has seen a median price increase of -0.95% over the last quarter.

Shearwater, 7307 is offering TAS ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this TAS.

Situated 170.58km from the CBD, Shearwater is one of Latrobe localities in the postcode 7307.

HOUSE UNIT
$360,000 $260,000
1.41% -0.95%
9.09% 0.97%
3.95% 2.58%
$300 $255
46 19
4.33% 5.10%
139.65 161.76

Source: CoreLogic

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