Suburb Profile Report for Miandetta TAS (7310)

Miandetta House: Median price $298,000, Annual capital growth 1.68%, Number of sales 41, Weekly median advertised rent $315

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

At number 688th in the list of Australian suburbs ordered by increase in median house value over the last year, Miandetta, 7310 is in the top 20% with a property value increase of 12.45% recorded in median house prices.

Across a shorter period, Miandetta, 7310 has seen a median price increase of 6.43% over the last quarter.

At number 110th of TAS’s most discounted properties, Miandetta is in the TOP 40% of the state/territory when listing in order of most discounted to least.

In the last year 41 properties changed hands in Miandetta, which puts it as the 73th most active market in TAS when comparing the number of sales per suburb.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Information supplied by:


July 2018

M
O

W
E
It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018Full summary

Not enough room

Postcode: 7310

Median house price: $279,500

Vacancy rate: 0.4% (from 1.7%)

Three-year growth: 11.8%

It’s going to be a challenge for those who wish to rent in the suburb of Miandetta, as the rental market recorded an astonishingly tight 0.4% vacancy rate over the 12 months to April 2018.

This was a significant fall from last year’s figure, which, at 1.7%, was alreading indicative of the suburb’s rising popularity. The housing market in Miandetta saw prices increase by 7.5% in the same period, while remaining very affordable at a median value of under $280,000. On average, landlords charge rents of $290 per week to reap a yield of 5.4%.

Situated in the city of Devonport on Tasmania’s north coast, Miandetta is primarily a residential area. It is popular with families, being home to Miandetta Primary School, and the suburb is also the site of several reserves.

Close
Metrics i HOUSE UNIT
$298,000 N/A
6.43% N/A
12.45% N/A
1.68% N/A
$315 N/A
41 N/A
5.50% N/A
92.82 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Miandetta TAS
Demographics
Total population 1711
Median household income ($/weekly) 1057
Median age of persons 42
Median housing loan repayment ($/monthly) 1506
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 222 13.0
    25-34 years 191 11.2
    35-44 years 234 13.7
    45-54 years 261 15.2
    55-64 years 236 13.8
    Others 568 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 650 53.2
    Not Married 434 35.5
    Defacto Relationship 138 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1526 93.0
    New Zealand 7 0.4
    Papua New Guinea 14 0.9
    Philippines 11 0.7
    United Kingdom 68 4.1
    Others 15 0.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1071 68.3
    No Religion 491 31.3
    Buddhism 4 0.3
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 14.7
    $600-$799 69 11.8
    $1,000-$1,249 71 12.2
    $1,500-$1,999 88 15.1
    $2,000-$2,499 62 10.6
    Others 208 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 510 37.7
    Employed, worked full-time 470 34.8
    Employed, worked part-time 254 18.8
    Employed, away from work 68 5.0
    Unemployed, looking for work 49 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 105 13.2
    Technicians & trades workers 140 17.6
    Clerical & administrative workers 106 13.4
    Sales 95 12.0
    Labourers 108 13.6
    Others 240 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 3.0
    Infants/Primary 151 44.9
    Secondary 101 30.1
    Technical or Further Educational Institution 48 14.3
    University or other Tertiary Institutions 17 5.1
    Others 9 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1511 96.8
    Flat, unit or apartment 42 2.7
    Semi-detached, row or terrace house, townhouse 5 0.3
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 273 42.8
    Being purchased 223 35.0
    Rented 142 22.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals