Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $357,500, Annual capital growth 2.80%, Number of sales 46, Weekly median advertised rent $300

Shearwater Unit: Median price $260,000, Annual capital growth 4.24%, Number of sales 18, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2208th in the list of Australian suburbs ordered by increase in median house value over the last year, Shearwater, 7307 is in the BOTTOM 50% with a property value increase of 4.38% recorded in median house prices.

Across a shorter period, Shearwater, 7307 has seen a median price increase of -0.69% over the last quarter.

At number 94th of TAS’s most discounted properties, Shearwater is in the TOP 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 2.80%.

Over the last year, property investments in Shearwater, 7307 have given investors a capital gain of 0.00%. This compares averagely with the 3.60% for TAS as a whole.

Over the longer term, Shearwater has seen property prices show investors a -7.14% return over the last 3 years. This is an improvement over the last 12 months

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.25% offered to property buyers. Sellers in Shearwater itself are offering an average vendor discount of -11.75% to real estate investors.

Shearwater, 7307’s gross rental yield is 5.20%

Metrics i HOUSE UNIT
$357,500 $260,000
-0.69% -0.48%
4.38% 0.00%
2.80% 4.24%
$300 $260
46 18
4.36% 5.20%
119.71 141.5

Source: CoreLogic

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