Suburb Profile Report for Ulverstone TAS (7315)

Ulverstone House: Median price $244,000, Annual capital growth 2.96%, Number of sales 137, Weekly median advertised rent $260

Ulverstone Unit: Median price $218,000, Annual capital growth 1.58%, Number of sales 19, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Ulverstone, 7315 have given investors a capital gain of 4.27%. This compares averagely with the 3.12% for TAS as a whole.

Comparing Ulverstone,7315 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in Ulverstone 7315 should be seeing an average reduction in asking price of around -7.55% . This means that Ulverstone is holding prices well when compared to other suburbs in TAS.

At number 3034 in a list of fastest selling suburbs, Ulverstone is in the bottom 20% of suburbs in Australia with an average of days on market 115 for properties listed there.

With the median price for a house in Ulverstone being $244000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.54%

Giving property investors a an average capital gain of 1.40% for the last year, Ulverstone, 7315 is the 1014th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ulverstone has fallen somewhat when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Ulverstone are currently offering property investors an average price cut of -4.73% below the asking price at the moment.

Ulverstone is 47th on a list of best yielding suburbs for rents in TAS with a 5.01% return

HOUSE UNIT
$244,000 $218,000
2.52% 0.93%
4.27% 1.40%
2.96% 1.58%
$260 $210
137 19
5.54% 5.01%
115 118.7

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6342
Median household income ($/weekly) 766
Median age of persons 45
Median housing loan repayment ($/monthly) 1122
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 749 11.8
    35-44 years 715 11.3
    45-54 years 917 14.5
    55-64 years 857 13.5
    65-74 years 735 11.6
    Others 2370 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 2295 49.0
    Not Married 1951 41.7
    Defacto Relationship 436 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5499 91.8
    New Zealand 68 1.1
    Papua New Guinea 33 0.6
    United Kingdom 277 4.6
    Other 35 0.6
    Others 78 1.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.5
    Christianity 4007 70.7
    Islam 6 0.1
    Other Religious Groups 12 0.2
    No Religion 1613 28.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 340 14.4
    $400-$599 385 16.3
    $600-$799 325 13.7
    $800-$999 225 9.5
    $1,500-$1,999 255 10.8
    Others 838 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2302 46.4
    Employed, worked full-time 1425 28.7
    Employed, worked part-time 900 18.1
    Unemployed, looking for work 183 3.7
    Employed, away from work 155 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 385 15.5
    Technicians & trades workers 415 16.7
    Community & personal service workers 291 11.7
    Sales 289 11.6
    Labourers 378 15.2
    Others 723 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 37 3.0
    Infants/Primary 498 40.9
    Secondary 378 31.0
    Technical or Further Educational Institution 171 14.0
    University or other Tertiary Institutions 110 9.0
    Others 25 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5224 89.5
    Semi-detached, row or terrace house, townhouse 94 1.6
    Flat, unit or apartment 497 8.5
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 13 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1063 41.5
    Being purchased 792 30.9
    Rented 679 26.5
    Other tenure type 29 1.1
    Tenure Type
Census 2011, ABS
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