Suburb Profile Report for Moonah TAS (7009)

Moonah House: Median price $445,000, Annual capital growth 5.56%, Number of sales 65, Weekly median advertised rent $450

Moonah Unit: Median price $346,000, Annual capital growth 3.51%, Number of sales 22, Weekly median advertised rent $320

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

TAS has seen average median house prices change by 9.08% which means that Moonah, 7009 has done well for property investors by showing a capital gain of 0.56% over the last year

Across a shorter period, Moonah, 7009 has seen a median price increase of 2.06% over the last quarter.

At number 258th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 20% with a property value increase of 10.72% recorded in median house prices.

If we look at median property appreciation over just the last three months, Moonah has given property investors a paper return of -1.42%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in TAS

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 3.51%.

Information supplied by:




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Median House Price: $435,000

Current Yield (houses): 5.1%

Average annual growth (houses): 5.8%

Median Unit Price: $328,694

Current Yield (units): 5.1%

Average annual growth (units): 3.5%

A few minutes’ drive north of the Hobart CBD, the suburb of Moonah has long been a growing market, with both houses and units achieving strong, steady increases in price over the last five years.

In fact, the average annual growth rate for houses comes in at nearly 6%, but despite the sustained growth, this market remains quite affordable, with the median value coming in at under $450,000. The average yield is very attractive as well at 5.1%, suggesting that this is a great investment.

Metrics i HOUSE UNIT
$445,000 $346,000
2.06% -1.42%
0.56% 10.72%
5.56% 3.51%
$450 $320
65 22
5.26% 4.81%
32.6904761904762 40

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Excellent (H), Very good (U)
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Demographics
Total population 5126
Median household income ($/weekly) 869
Median age of persons 37
Median housing loan repayment ($/monthly) 1328
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 650 12.7
    25-34 years 736 14.4
    35-44 years 694 13.5
    45-54 years 755 14.7
    55-64 years 541 10.6
    Others 1750 34.1
    Age Group
    Census Count Percent(%)
    Not Married 1947 50.7
    Registered Married 1407 36.6
    Defacto Relationship 487 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4027 82.3
    Japan 40 0.8
    Papua New Guinea 42 0.9
    United Kingdom 145 3.0
    Other 317 6.5
    Others 322 6.6
    Country of Birth
    Census Count Percent(%)
    Christianity 3032 65.0
    Hinduism 78 1.7
    Islam 87 1.9
    Other Religious Groups 25 0.5
    No Religion 1420 30.5
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 232 11.8
    $400-$599 318 16.1
    $600-$799 224 11.4
    $1,000-$1,249 213 10.8
    $1,500-$1,999 212 10.7
    Others 774 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1549 39.1
    Employed, worked full-time 1286 32.5
    Employed, worked part-time 816 20.6
    Unemployed, looking for work 158 4.0
    Employed, away from work 150 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 412 18.3
    Technicians & trades workers 344 15.3
    Community & personal service workers 282 12.5
    Clerical & administrative workers 410 18.2
    Sales 245 10.9
    Others 561 24.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 420 34.1
    Secondary 315 25.6
    Technical or Further Educational Institution 222 18.0
    University or other Tertiary Institutions 193 15.7
    Other type of educational institution 42 3.4
    Others 38 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4209 86.0
    Flat, unit or apartment 465 9.5
    Semi-detached, row or terrace house, townhouse 159 3.2
    House or flat attached to a shop, office 60 1.2
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 720 34.3
    Being purchased 692 33.0
    Fully owned 669 31.9
    Other tenure type 17 0.8
    Tenure Type
Census 2011, ABS
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