Suburb Profile Report for Dynnyrne TAS (7005)

Dynnyrne House: Median price $700,000, Annual capital growth 6.30%, Number of sales 21, Weekly median advertised rent $550

Dynnyrne Unit: Median price $387,000, Annual capital growth 12.90%, Number of sales 15, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 9.40% which means that Dynnyrne, 7005 has done well for property investors by showing a capital gain of 23.46% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Dynnyrne has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Dynnyrne are currently offering property investors an average price cut of -1.14% below the asking price at the moment.

Advertised rents are around the $550 mark per week – giving a return of 4.09% based on the median price in Suburb

Investment property in Dynnyrne has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.38%

LACK OF BUYER INTEREST may well be the reason that Dynnyrne is offering property investors an average of -4.81. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in TAS

Often selling an investment property can take time, and in Dynnyrne the average time real estate has been on the market is 25.9 days.

The TAS suburb of Dynnyrne, 7005 is in the Hobart local government area.

Metrics i HOUSE UNIT
$700,000 $387,000
1.45% -0.77%
23.46% 2.38%
6.30% 12.90%
$550 $395
21 15
4.09% 5.31%
41.69 25.9

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1481
Median household income ($/weekly) 1343
Median age of persons 27
Median housing loan repayment ($/monthly) 1958
Average household size 2.6
  • Census Count Percent(%)
    15-19 years 133 9.0
    20-24 years 370 25.0
    25-34 years 251 17.0
    35-44 years 158 10.7
    55-64 years 164 11.1
    Others 404 27.3
    Age Group
    Census Count Percent(%)
    Not Married 589 56.5
    Registered Married 348 33.4
    Defacto Relationship 105 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 938 67.0
    Croatia 105 7.5
    Malta 73 5.2
    United Kingdom 49 3.5
    Other 42 3.0
    Others 194 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 5.3
    Christianity 550 41.1
    Hinduism 24 1.8
    Islam 30 2.2
    No Religion 649 48.5
    Others 14 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 42 9.8
    $1,000-$1,249 40 9.3
    $1,250-$1,499 37 8.6
    $1,500-$1,999 56 13.0
    $2,000-$2,499 39 9.1
    Others 216 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 508 40.6
    Employed, worked full-time 350 28.0
    Employed, worked part-time 294 23.5
    Unemployed, looking for work 62 5.0
    Employed, away from work 38 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 78 11.4
    Professionals 267 39.1
    Community & personal service workers 89 13.0
    Clerical & administrative workers 74 10.9
    Sales 81 11.9
    Others 93 13.6
    Occupation
    Census Count Percent(%)
    Pre-school 10 1.5
    Infants/Primary 70 10.7
    Secondary 59 9.0
    Technical or Further Educational Institution 23 3.5
    University or other Tertiary Institutions 489 74.5
    Others 5 0.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 831 66.1
    Flat, unit or apartment 277 22.0
    Semi-detached, row or terrace house, townhouse 149 11.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 189 40.0
    Fully owned 154 32.6
    Being purchased 130 27.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals