Suburb Profile Report for Ulverstone TAS (7315)

Ulverstone House: Median price $240,250, Annual capital growth 2.24%, Number of sales 133, Weekly median advertised rent $260

Ulverstone Unit: Median price $232,500, Annual capital growth 3.19%, Number of sales 18, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3141th in the list of Australian suburbs ordered by increase in median house value over the last year, Ulverstone, 7315 is in the BOTTOM 30% with a property value increase of -1.94% recorded in median house prices.

A 4.46% growth in median value for property investors in Ulverstone,7315 puts this suburb at number 122th in terms of best performing suburbs in TAS

Property buyers and investors in Ulverstone 7315 should be seeing an average reduction in asking price of around -6.67% . This means that Ulverstone is holding prices well when compared to other suburbs in TAS.

At number 2812 in a list of fastest selling suburbs, Ulverstone is in the bottom 30% of suburbs in Australia with an average of days on market 106.51 for properties listed there.

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

With a capital gain of 3.33% for the last 12 months, Ulverstone, 7315 has performed for property investments than its average annual 3.19% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Ulverstone,7315 has racked up an average of 3.33% over the period. This ranks it number 1471th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Ulverstone is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 20th in terms of most discounted suburbs in TAS

Residents and property investors in Ulverstone have been waiting around 118.15 days to sell a property.

Ulverstone is 48th on a list of best yielding suburbs for rents in TAS with a 4.92% return

Metrics i HOUSE UNIT
$240,250 $232,500
-0.83% 3.10%
-1.94% 3.33%
2.24% 3.19%
$260 $220
133 18
5.63% 4.92%
106.51 118.15

Source: CoreLogic

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