Suburb Profile Report for Claremont TAS (7011)

Claremont House: Median price $384,750, Annual capital growth 4.72%, Number of sales 105, Weekly median advertised rent $420

Claremont Unit: Median price $317,000, Annual capital growth 5.19%, Number of sales 43, Weekly median advertised rent $350

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

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

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Claremont, 7011 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.41%

Across a shorter period, Claremont, 7011 has seen a median price increase of 3.99% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -5.38. This rate of discount on properties puts Suburb at number 31th in terms of most discounted suburbs in TAS

At number 19 in a list of fastest selling suburbs, Claremont is in the TOP 10% of suburbs in Australia with an average of days on market 25.4512 for properties listed there.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 4.72%.

Claremont has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.12% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Claremont has increased when compared to the 5 year average annual rate.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.19%, investors should hope to achieve an overall return of 5.74%

YIP MAG Information supplied by:

YIP MAG
July 2016

M
O

W
E
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
$384,750 $317,000
3.99% 2.26%
5.41% 1.12%
4.72% 5.19%
$420 $350
105 43
5.68% 5.74%
25.4512195121951 21.7878787878788

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

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Claremont TAS
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
Chart Table