Suburb Profile Report for Ulverstone TAS (7315)

Ulverstone House: Median price $258,750, Annual capital growth 3.47%, Number of sales 135, Weekly median advertised rent $260

Ulverstone Unit: Median price $232,000, Annual capital growth 2.30%, Number of sales 17, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Ulverstone, 7315 ranked 78th in TAS when comparing growth in median property values or capital gain over the last 12 months. Ulverstone is one of 606 in our list for TAS

While Ulverstone,7315 ranked number 42th in TAS for increase in median house value (annualised) increase, it is ranked 37th over the last 5 years.

Property investors looking for a bargain in Ulverstone should be aiming for at least -6.31% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Ulverstone have been waiting around 108.89 days to sell a property.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 5.23%

Property value increases in Ulverstone have tracked just higher than the TAS average of 3.47% over the last 12 months.

The five-year average increase in median property values for Ulverstone,7315 has given property investors a potential capital gain of -2.73% across each of those five years.

The most recent median price for Ulverstone is $232000, with sellers offering an average of -4.78% off the asking price.

Often selling an investment property can take time, and in Ulverstone the average time real estate has been on the market is 111.8 days.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 2.30%.

Metrics i HOUSE UNIT
$258,750 $232,000
5.01% 0.43%
8.15% 6.42%
3.47% 2.30%
$260 $220
135 17
5.23% 4.93%
108.89 111.8

Source: CoreLogic

DSR Score for property investment : Good (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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