Suburb Profile Report for Risdon Vale TAS (7016)

Risdon Vale House: Median price $392,500, Annual capital growth 7.87%, Number of sales 54, Weekly median advertised rent $500

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Risdon Vale, 7016 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 21.00%.

Comparing Risdon Vale,7016 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Risdon Vale is offering property investors an average of -2.27. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in TAS

Often selling an investment property can take time, and in Risdon Vale the average time real estate has been on the market is 27.3836 days.

Advertised rents are around the $500 mark per week – giving a return of 3.07% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
April 2015

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Surrounded by bush and characterised by its tight-knit community, the ex-housing department suburb of Risdon Vale has started to attract attention due to its affordability.

The suburb is close to the shopping centres of Eastland and Glenorchy, although the local shops are also good.

Risdon Vale enjoys superb public transport to all major shopping centres, such as the CBD and the above areas.

There’s a healthy proportion of renters in the suburb at 30%, but it’s still predominantly owner-occupied area.

During the past 12 months, the median house price rose by 2.5%, according to Onthehouse.com.au.

At this level, houses are achieving a gross rental yield of 7.2%, which means there’s huge potential to find cash flow positive properties.
Metrics i HOUSE UNIT
$392,500 N/A
7.62% N/A
21.00% N/A
7.87% N/A
$500 N/A
54 N/A
3.07% N/A
27.3835616438356 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 2679
Median household income ($/weekly) 766
Median age of persons 33
Median housing loan repayment ($/monthly) 1062
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 316 11.8
    20-24 years 233 8.7
    25-34 years 476 17.8
    35-44 years 369 13.8
    45-54 years 333 12.4
    Others 952 35.5
    Age Group
    Census Count Percent(%)
    Not Married 807 50.5
    Registered Married 582 36.4
    Defacto Relationship 210 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2370 94.9
    Papua New Guinea 14 0.6
    Philippines 9 0.4
    United Kingdom 48 1.9
    Other 17 0.7
    Others 39 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1322 66.8
    No Religion 640 32.3
    Buddhism 11 0.6
    Other Religious Groups 6 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 97 12.5
    $400-$599 131 16.8
    $600-$799 127 16.3
    $800-$999 97 12.5
    $1,000-$1,249 92 11.8
    Others 235 30.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1163 57.5
    Employed, worked full-time 452 22.3
    Employed, worked part-time 276 13.6
    Unemployed, looking for work 83 4.1
    Employed, away from work 49 2.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 141 18.1
    Community & personal service workers 99 12.7
    Clerical & administrative workers 96 12.3
    Sales 93 11.9
    Labourers 150 19.3
    Others 200 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 26 6.1
    Infants/Primary 215 50.7
    Secondary 102 24.1
    Technical or Further Educational Institution 49 11.6
    University or other Tertiary Institutions 25 5.9
    Others 7 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2022 94.4
    Semi-detached, row or terrace house, townhouse 113 5.3
    Flat, unit or apartment 7 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 354 42.7
    Rented 260 31.3
    Fully owned 213 25.7
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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