Suburb Profile Report for Old Beach TAS (7017)

Old Beach House: Median price $410,000, Annual capital growth 2.65%, Number of sales 69, Weekly median advertised rent $430

Old Beach Unit: Median price $300,000, Annual capital growth 0.20%, Number of sales 19, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Old Beach, 7017 ranked 144th in TAS when comparing growth in median property values or capital gain over the last 12 months. Old Beach is one of 606 in our list for TAS

A 21.30% growth in median value for property investors in Old Beach,7017 puts this suburb at number 130th in terms of best performing suburbs in TAS

The most recent median price for Old Beach is $410000, with sellers offering an average of -5.62% off the asking price.

Residents and property investors in Old Beach have been waiting around 35.71 days to sell a property.

The TAS suburb of Old Beach, 7017 is in the Brighton local government area.

If you compare the increase in value of investment property in Old Beach, 7017 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.56%.

The five-year average increase in median property values for Old Beach,7017 has given property investors a potential capital gain of 8.11% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Old Beach is offering property investors an average of -4.20. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in TAS

Residents and property investors in Old Beach have been waiting around 23.78 days to sell a property.

Information supplied by:


June 2018

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Housing supply in the suburb of Old Beach nosedives by nearly 50% in the 12 months leading up to March 2018Full summary

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.

Close
Metrics i HOUSE UNIT
$410,000 $300,000
0.86% 2.74%
4.98% 2.56%
2.65% 0.20%
$430 N/A
69 19
5.45% N/A
35.71 23.78

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Old Beach TAS
Demographics
Total population 3169
Median household income ($/weekly) 1489
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 454 14.3
    25-34 years 370 11.7
    35-44 years 506 16.0
    45-54 years 520 16.4
    55-64 years 395 12.5
    Others 923 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 1302 57.6
    Not Married 630 27.9
    Defacto Relationship 328 14.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2765 90.1
    Greece 16 0.5
    Papua New Guinea 39 1.3
    United Kingdom 128 4.2
    Other 27 0.9
    Others 95 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 0.7
    Christianity 2183 74.8
    Hinduism 3 0.1
    Islam 6 0.2
    No Religion 703 24.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 108 11.0
    $1,000-$1,249 88 9.0
    $1,250-$1,499 95 9.7
    $1,500-$1,999 180 18.3
    $2,000-$2,499 156 15.9
    Others 356 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1099 44.9
    Not in the labour force 687 28.1
    Employed, worked part-time 512 20.9
    Employed, away from work 98 4.0
    Unemployed, looking for work 53 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 12.0
    Professionals 213 12.4
    Technicians & trades workers 268 15.6
    Community & personal service workers 207 12.1
    Clerical & administrative workers 342 20.0
    Others 478 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 27 3.6
    Infants/Primary 323 43.6
    Secondary 213 28.8
    Technical or Further Educational Institution 100 13.5
    University or other Tertiary Institutions 62 8.4
    Others 15 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2864 97.0
    Flat, unit or apartment 62 2.1
    Semi-detached, row or terrace house, townhouse 23 0.8
    Caravan, cabin, houseboat 4 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 632 58.8
    Fully owned 308 28.7
    Rented 131 12.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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