Suburb Profile Report for Derwent Park TAS (7009)

Derwent Park House: Median price $354,900, Annual capital growth 13.85%, Number of sales 11, Weekly median advertised rent $400

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

If you compare the increase in value of investment property in Derwent Park, 7009 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was -3.54%.

At number 66 in a list of fastest selling suburbs, Derwent Park is in the TOP 10% of suburbs in Australia with an average of days on market 35.7 for properties listed there.

Advertised rents are around the $400 mark per week – giving a return of 5.86% based on the median price in Suburb

Information supplied by:


April 2019

M
O

W
E

Supply up in limited suburb

Postcode: 7009

Median house price: $364,950

Stock on market: 150%

12-month growth: 7.7%

A small suburb in the Glenorchy district of Hobart, Derwent Park is primarily a light commercial and industrial area 6km from the CBD. The Historic Convict trail winds through here, as does the Brooker Highway.

Heritage sites in this suburb include the nearby Derwent Park Homestead, which was originally constructed in the 1820s. Derwent Park is also surrounded by suburbs like Moonah, Goodwood and Glenorchy, bringing it into close proximity with many amenities like shopping centres and schools. The Prince of Wales Bay on the western shore of the River Derwent is less than 5 minutes away from Derwent Park by car.

Stock on market in this suburb was up by 150%, but with supply being so limited here, this is actually not a significant increase. Thus, houses sell quickly, in an average of just 10 days.

Metrics i HOUSE UNIT
$354,900 N/A
-2.75% N/A
-3.54% N/A
13.85% N/A
$400 N/A
11 N/A
5.86% N/A
35.7 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Balanced (U)
Find a mortgage broker in Derwent Park TAS
Demographics
Total population 619
Median household income ($/weekly) 812
Median age of persons 36
Median housing loan repayment ($/monthly) 1400
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 93 15.0
    25-34 years 94 15.1
    35-44 years 87 14.0
    45-54 years 81 13.0
    55-64 years 62 10.0
    Others 204 32.9
    Age Group
    Census Count Percent(%)
    Not Married 246 56.0
    Registered Married 132 30.1
    Defacto Relationship 61 13.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 535 91.3
    China 3 0.5
    Poland 6 1.0
    United Kingdom 12 2.0
    Other 12 2.0
    Others 18 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 356 65.2
    No Religion 176 32.2
    Other Religious Groups 6 1.1
    Buddhism 5 0.9
    Islam 3 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 29 13.6
    $400-$599 36 16.9
    $600-$799 25 11.7
    $800-$999 36 16.9
    $1,250-$1,499 22 10.3
    Others 65 30.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 190 41.9
    Employed, worked full-time 133 29.3
    Employed, worked part-time 81 17.8
    Employed, away from work 25 5.5
    Unemployed, looking for work 25 5.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 27 11.3
    Technicians & trades workers 42 17.6
    Community & personal service workers 42 17.6
    Clerical & administrative workers 28 11.7
    Labourers 44 18.4
    Others 56 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 3 2.3
    Infants/Primary 61 47.3
    Secondary 31 24.0
    Technical or Further Educational Institution 22 17.1
    Other type of educational institution 9 7.0
    Others 3 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 540 93.6
    Flat, unit or apartment 31 5.4
    Semi-detached, row or terrace house, townhouse 3 0.5
    House or flat attached to a shop, office 3 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 104 43.3
    Fully owned 69 28.8
    Being purchased 67 27.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table