Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $360,000, Annual capital growth 2.65%, Number of sales 49, Weekly median advertised rent $293

Shearwater Unit: Median price $234,000, Annual capital growth 1.27%, Number of sales 21, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Shearwater have tracked just lower than the TAS average of 8.18% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Shearwater comes in at number 125th in TAS.

Property investors looking for a bargain in Shearwater should be aiming for at least -6.72% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Shearwater being $360000 and the advertised rent reaching $292.5 the gross rental yield for property investors calculates out to be 4.23%

Giving property investors a a poor capital gain of -11.70% for the last year, Shearwater, 7307 is the 1569th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Shearwater has given property investors a paper return of -10.00%. This puts Suburb as 54 on a list of fastest fasting appreciating suburbs in TAS

Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -2.33% below the asking price at the moment.

Renters in Suburb are facing rents around $3180 per annum or $265 every week.

Metrics i HOUSE UNIT
$360,000 $234,000
0.00% -10.00%
2.86% -11.70%
2.65% 1.27%
$293 $265
49 21
4.23% 5.89%
129.19 86.6

Source: CoreLogic

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