Suburb Profile Report for Claremont TAS (7011)

Claremont House: Median price $367,000, Annual capital growth 5.02%, Number of sales 117, Weekly median advertised rent $375

Claremont Unit: Median price $282,500, Annual capital growth 3.98%, Number of sales 58, Weekly median advertised rent $318

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

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

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Claremont, 7011 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 23.43%.

Across a shorter period, Claremont, 7011 has seen a median price increase of 5.01% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Claremont itself are offering an average vendor discount of -4.63% to real estate investors.

Claremont, 7011’s gross rental yield is 5.27%

Claremont has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 20.69% to date .

The five-year average increase in median property values for Claremont,7011 has given property investors a potential capital gain of 33.33% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in TAS

On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Just under 15km north of Hobart on the banks of the famous Derwent River, Claremont offers value for money that seems to be attracting buyers.

Real Estate Investar’s figures show that current stock on market levels have fallen by nearly a third over the past 12 months.

Those buying in Claremont may be attracted by the suburb’s potential to deliver cash flow positive properties, as houses are returning yields of 6%, while apartments are returning 7%.

While their yields are similar, the capital growth performance of houses and units in the suburb varies.

House prices have remained relatively flat recently, with growth of only 8% in the past five years, but unit prices have struggled.

The median unit price is currently $183,000, having fallen 8% in the last five years
Metrics i HOUSE UNIT
$367,000 $282,500
4.86% 2.73%
20.72% 17.71%
5.02% 3.98%
$375 $318
117 58
5.31% 5.84%
28.25 33.933334

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

DSR Score for property investment : Excellent (H), Very good (U)
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Demographics
Total population 7681
Median household income ($/weekly) 874
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 966 12.6
    25-34 years 1042 13.6
    35-44 years 919 12.0
    45-54 years 1025 13.3
    55-64 years 768 10.0
    Others 2961 38.5
    Age Group
    Census Count Percent(%)
    Not Married 2573 45.4
    Registered Married 2327 41.1
    Defacto Relationship 766 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6730 91.9
    Greece 28 0.4
    Papua New Guinea 40 0.5
    United Kingdom 286 3.9
    Other 90 1.2
    Others 146 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.3
    Christianity 5072 72.8
    Islam 15 0.2
    Other Religious Groups 23 0.3
    No Religion 1838 26.4
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 338 11.9
    $400-$599 439 15.5
    $600-$799 353 12.5
    $800-$999 305 10.8
    $1,500-$1,999 313 11.0
    Others 1086 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2454 41.6
    Employed, worked full-time 1996 33.8
    Employed, worked part-time 1024 17.3
    Unemployed, looking for work 226 3.8
    Employed, away from work 204 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 582 18.1
    Community & personal service workers 399 12.4
    Clerical & administrative workers 554 17.2
    Sales 393 12.2
    Labourers 448 13.9
    Others 845 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 61 4.1
    Infants/Primary 663 44.7
    Secondary 391 26.3
    Technical or Further Educational Institution 223 15.0
    University or other Tertiary Institutions 101 6.8
    Others 45 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5983 83.0
    Flat, unit or apartment 620 8.6
    Semi-detached, row or terrace house, townhouse 595 8.3
    House or flat attached to a shop, office 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1126 37.1
    Fully owned 951 31.3
    Rented 941 31.0
    Other tenure type 21 0.7
    Tenure Type
Census 2011, ABS
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