Suburb Profile Report for Lenah Valley TAS (7008)

Lenah Valley House: Median price $600,750, Annual capital growth 5.10%, Number of sales 76, Weekly median advertised rent $530

Lenah Valley Unit: Median price $395,000, Annual capital growth 4.34%, Number of sales 26, Weekly median advertised rent $395

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

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

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Lenah Valley, 7008 ranked 83th in TAS when comparing growth in median property values or capital gain over the last 12 months. Lenah Valley is one of 606 in our list for TAS

Lenah Valley,7008 was ranked 1312 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Lenah Valley is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 41th in terms of most discounted suburbs in TAS

At number 64 in a list of fastest selling suburbs, Lenah Valley is in the TOP 10% of suburbs in Australia with an average of days on market 33.8 for properties listed there.

The TAS suburb of Lenah Valley, 7008 is in the Hobart (C) local government area.

Giving property investors a an unimpressive capital gain of -5.95% for the last year, Lenah Valley, 7008 is the 1143th highest performer in Australia in this respect.

The five-year average increase in median property values for Lenah Valley,7008 has given property investors a potential capital gain of 49.34% across each of those five years.

At number 1 in a list of fastest selling suburbs, Lenah Valley is in the TOP 10% of suburbs in Australia with an average of days on market 12.8889 for properties listed there.

Lenah Valley is 29th on a list of best yielding suburbs for rents in TAS with a 5.20% return

Information supplied by:




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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.

There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.

It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.

 

Metrics i HOUSE UNIT
$600,750 $395,000
2.21% 1.28%
8.77% -5.95%
5.10% 4.34%
$530 $395
76 26
4.59% 5.20%
33.8 12.8888888888889

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5852
Median household income ($/weekly) 1265
Median age of persons 39
Median housing loan repayment ($/monthly) 1620
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 676 11.5
    25-34 years 729 12.5
    35-44 years 921 15.7
    45-54 years 887 15.2
    55-64 years 724 12.4
    Others 1916 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 2093 46.7
    Not Married 1906 42.5
    Defacto Relationship 487 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4867 85.7
    Japan 47 0.8
    Papua New Guinea 51 0.9
    United Kingdom 223 3.9
    Other 175 3.1
    Others 316 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 0.9
    Christianity 3476 63.3
    Islam 58 1.1
    Other Religious Groups 47 0.9
    No Religion 1816 33.1
    Others 38 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 225 10.3
    $600-$799 222 10.1
    $1,000-$1,249 218 9.9
    $1,500-$1,999 323 14.7
    $2,000-$2,499 210 9.6
    Others 993 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1865 39.9
    Not in the labour force 1407 30.1
    Employed, worked part-time 1104 23.6
    Employed, away from work 170 3.6
    Unemployed, looking for work 127 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 332 10.6
    Professionals 942 30.0
    Technicians & trades workers 389 12.4
    Community & personal service workers 334 10.6
    Clerical & administrative workers 552 17.6
    Others 590 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 2.6
    Infants/Primary 471 33.3
    Secondary 409 28.9
    Technical or Further Educational Institution 147 10.4
    University or other Tertiary Institutions 313 22.1
    Others 37 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5020 89.6
    Flat, unit or apartment 332 5.9
    Semi-detached, row or terrace house, townhouse 235 4.2
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 924 39.3
    Fully owned 875 37.2
    Rented 539 22.9
    Other tenure type 16 0.7
    Tenure Type
Census 2011, ABS
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