Old Beach is an average performer in TAS when comparing median price capital growth over the last year. Old Beach gave property investors a good capital gain figure when compared to the rest of the state, with 21.61%.
Over the longer term, Old Beach has seen property prices show investors a 23.24% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Old Beach should be aiming for at least 0.00% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Old Beach the average time real estate has been on the market is 29.6471 days.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.52%, investors should hope to achieve an overall return of 3.39%
At number 1157th in the list of Australian suburbs ordered by increase in median house value over the last year, Old Beach, 7017 is in the BOTTOM 50% with a property value increase of 11.48% recorded in median house prices.
The five-year average increase in median property values for Old Beach,7017 has given property investors a potential capital gain of 49.52% across each of those five years.
The most recent median price for Old Beach is $420000, with sellers offering an average of -2.61% off the asking price.
Residents and property investors in Old Beach have been waiting around 59.3676 days to sell a property.
Old Beach, 7017’s gross rental yield is 4.28%
![]()
Information supplied by:
June 2018
M
O
W
E
Housing stock plummets in Hobart suburb
Postcode: 7017
Median house price: $400,000
Stock on market: -59.6%
12-month growth: 3.9%
Housing supply in the suburb of Old Beach nosedives by nearly 50% in the 12 months leading up to March 2018.
The number of houses on the market went from 51 in March 2017 to just 18 one year later. As a suburb of Hobart, Old Beach seems to be following the city’s overall trend of tightening supply – a strategy that has been paying off given the consistent pattern of growth reported since 2013. Even then, houses remain affordable at a median price of $400,000.
Houses stay on the market for less than 60 days; although this doesn’t indicated an incredibly strong level of demand, it is relatively balanced. In addition, rental returns for investors are high at 5.1%.
Old Beach is situated next to the Derwent River. It is also just 7km from the Baskerville Raceway.