Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $390,000, Annual capital growth 3.27%, Number of sales 49, Weekly median advertised rent $330

Shearwater Unit: Median price $315,000, Annual capital growth 4.46%, Number of sales 28, Weekly median advertised rent $285

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

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

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Shearwater have tracked close to the TAS average of 9.78% over the last 12 months.

Over the longer term, Shearwater has seen property prices show investors a 9.09% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Shearwater should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.

The TAS suburb of Shearwater, 7307 is in the Latrobe (M) (Tas.) local government area.

Shearwater, 7307 ranked 30th in TAS when comparing growth in median property values or capital gain over the last 12 months. Shearwater is one of 606 in our list for TAS

The five-year average increase in median property values for Shearwater,7307 has given property investors a potential capital gain of 26.00% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Shearwater, 7307. Typically our figures indicate that -2.24% is being offered, which puts this TAS suburb at 978th most discounted overall in Australia.

Often selling an investment property can take time, and in Shearwater the average time real estate has been on the market is 85.5333 days.

Situated 202.48km from the CBD, Shearwater is one of Latrobe (M) (Tas.) localities in the postcode 7307.

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Shearwater, TAS – Vacancies are tight in the Apple Isle

Postcode: 7307

Median unit price: $295,000

Vacancy rate: 1.3%

Three-year growth: 12%

A small holidaymaker’s destination, Shearwater sits on the north coast of Tasmania near Devonport. Its proximity to the beach makes it a highly popular stop for visitors.

The average vacancy rate plummeted sharply from 2.0% in July 2018 to 1.3% a year later, suggesting a strong influx of renters.

Shearwater is close to Port Sorell and Hawley Beach, and its affordability has drawn many buyers in recent years as the Apple Isle hit its peak. With the burgeoning tourism industry, amenities have been constructed to serve visitors, including a shopping centre and country club resort. The RubiCon Estuary is home to many species of birds, including pied oystercatchers – as a result, it has been designated as an Important Bird Area.

Metrics i HOUSE UNIT
$390,000 $315,000
0.00% 4.65%
6.92% 8.62%
3.27% 4.46%
$330 $285
49 28
4.40% 4.70%
58.5714285714286 85.5333333333333

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

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Shearwater TAS
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
Chart Table