Suburb Profile Report for Moonah TAS (7009)

Moonah House: Median price $435,000, Annual capital growth 5.64%, Number of sales 90, Weekly median advertised rent $440

Moonah Unit: Median price $336,944, Annual capital growth 4.02%, Number of sales 26, Weekly median advertised rent $325

  • 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.

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  • House Report
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Moonah is in the bottom 30% in TAS when comparing median price capital growth over the last year. Moonah gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.96%.

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Moonah, 7009. Typically our figures indicate that -5.87% is being offered, which puts this TAS suburb at 2157th most discounted overall in Australia.

At number 89th in the list of Australian suburbs ordered by increase in median house value over the last year, Moonah, 7009 is in the top 10% with a property value increase of 17.40% recorded in median house prices.

Across a shorter period, Moonah, 7009 has seen a median price increase of 7.39% over the last quarter.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

With the median price for a house in Moonah being $336944 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 5.02%

Information supplied by:


April 2019

M
O

W
E

Double-digit growth trend continues

Postcode: 7009

Median house price: $434,000

Three-year growth: 52.3%

Rental yield: 5.0%

Located 5km north of Hobart, the suburb of Moonah is a working-class suburb that has gradually become more gentrified as Tasmania continues its rise up the ranks of the national property market.

Following a steady trend of double-digit growth since February 2014, the median house price has reached $434,000. Such properties are also being snatched up almost as quickly as they enter the market.

Moonah’s proximity to the capital is a big drawing card, and the establishment of a shopping hub has added life to the commercial centre, with retail stores, restaurants and offices. A local farmer’s market regularly displays great local produce, and residents can enjoy the many parklands and gardens in the suburb on their downtime. Families with children also have a good selection of schools to choose from.

Metrics i HOUSE UNIT
$435,000 $336,944
-1.14% 7.39%
2.96% 17.40%
5.64% 4.02%
$440 $325
90 26
5.26% 5.02%
34.3692307692308 26.0909090909091

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 : Excellent (H), Excellent (U)
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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
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