Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $355,000, Annual capital growth 3.43%, Number of sales 47, Weekly median advertised rent $300

Shearwater Unit: Median price $260,000, Annual capital growth 4.33%, Number of sales 15, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Shearwater has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.97% to date .

Over the longer term, Shearwater has seen property prices show investors a 5.97% return over the last 3 years. This is the same as over the last 12 months

Shearwater, 7307 is offering TAS ‘s 104th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this TAS.

In the last year 47 properties changed hands in Shearwater, which puts it as the 61th most active market in TAS when comparing the number of sales per suburb.

Shearwater, 7307’s gross rental yield is 4.39%

Property value increases in Shearwater have tracked just lower than the TAS average of 4.00% over the last 12 months.

Over the longer term, Shearwater has seen property prices show investors a -4.59% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -11.75% below the asking price at the moment.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$355,000 $260,000
-3.27% N/A
5.97% 0.00%
3.43% 4.33%
$300 $260
47 15
4.39% 5.20%
129.33 141.5

Source: CoreLogic

DSR Score for property investment : Balanced (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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