Suburb Profile Report for Moonah TAS (7009)

Moonah House: Median price $450,000, Annual capital growth 5.65%, Number of sales 67, Weekly median advertised rent $450

Moonah Unit: Median price $351,000, Annual capital growth 3.48%, Number of sales 24, Weekly median advertised rent $320

  • 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.

  • Expert Report
  • House Report
  • Unit Report

If you compare the increase in value of investment property in Moonah, 7009 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.51%.

Comparing Moonah,7009 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Moonah itself are offering an average vendor discount of -6.11% to real estate investors.

Often selling an investment property can take time, and in Moonah the average time real estate has been on the market is 30.5814 days.

Situated 5.16km from the CBD, Moonah is one of Glenorchy (C) localities in the postcode 7009.

Moonah, 7009 ranked 9th in TAS when comparing growth in median property values or capital gain over the last 12 months. Moonah is one of 606 in our list for TAS

Moonah,7009 has offered an average of 19.08% return per annum in house price rises to property investors over the last three years.

Often selling an investment property can take time, and in Moonah the average time real estate has been on the market is 28.381 days.

Advertised rents are around the $320 mark per week – giving a return of 4.74% based on the median price in Suburb

Information supplied by:




M
O

W
E

Median House Price: $435,000

Current Yield (houses): 5.1%

Average annual growth (houses): 5.8%

Median Unit Price: $328,694

Current Yield (units): 5.1%

Average annual growth (units): 3.5%

A few minutes’ drive north of the Hobart CBD, the suburb of Moonah has long been a growing market, with both houses and units achieving strong, steady increases in price over the last five years.

In fact, the average annual growth rate for houses comes in at nearly 6%, but despite the sustained growth, this market remains quite affordable, with the median value coming in at under $450,000. The average yield is very attractive as well at 5.1%, suggesting that this is a great investment.

Metrics i HOUSE UNIT
$450,000 $351,000
3.45% -1.13%
2.51% 19.08%
5.65% 3.48%
$450 $320
67 24
5.20% 4.74%
30.5813953488372 28.3809523809524

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 : Very good (H), Good (U)
Find a mortgage broker in Moonah TAS
Demographics
Total population 5126
Median household income ($/weekly) 869
Median age of persons 37
Median housing loan repayment ($/monthly) 1328
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 650 12.7
    25-34 years 736 14.4
    35-44 years 694 13.5
    45-54 years 755 14.7
    55-64 years 541 10.6
    Others 1750 34.1
    Age Group
    Census Count Percent(%)
    Not Married 1947 50.7
    Registered Married 1407 36.6
    Defacto Relationship 487 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4027 82.3
    Japan 40 0.8
    Papua New Guinea 42 0.9
    United Kingdom 145 3.0
    Other 317 6.5
    Others 322 6.6
    Country of Birth
    Census Count Percent(%)
    Christianity 3032 65.0
    Hinduism 78 1.7
    Islam 87 1.9
    Other Religious Groups 25 0.5
    No Religion 1420 30.5
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 232 11.8
    $400-$599 318 16.1
    $600-$799 224 11.4
    $1,000-$1,249 213 10.8
    $1,500-$1,999 212 10.7
    Others 774 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1549 39.1
    Employed, worked full-time 1286 32.5
    Employed, worked part-time 816 20.6
    Unemployed, looking for work 158 4.0
    Employed, away from work 150 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 412 18.3
    Technicians & trades workers 344 15.3
    Community & personal service workers 282 12.5
    Clerical & administrative workers 410 18.2
    Sales 245 10.9
    Others 561 24.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 420 34.1
    Secondary 315 25.6
    Technical or Further Educational Institution 222 18.0
    University or other Tertiary Institutions 193 15.7
    Other type of educational institution 42 3.4
    Others 38 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4209 86.0
    Flat, unit or apartment 465 9.5
    Semi-detached, row or terrace house, townhouse 159 3.2
    House or flat attached to a shop, office 60 1.2
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 720 34.3
    Being purchased 692 33.0
    Fully owned 669 31.9
    Other tenure type 17 0.8
    Tenure Type
Census 2011, ABS
Chart Table