Suburb Profile Report for Tranmere TAS (7018)

Tranmere House: Median price $725,000, Annual capital growth 3.67%, Number of sales 37, Weekly median advertised rent $500

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

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

  • House Report

Property value increases in Tranmere have tracked close to the TAS average of 7.30% over the last 12 months.

If we look at median property appreciation over just the last three months, Tranmere has given property investors a paper return of -0.68%. This puts Suburb as 139 on a list of fastest fasting appreciating suburbs in TAS

LACK OF BUYER INTEREST may well be the reason that Tranmere is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in TAS

Residents and property investors in Tranmere have been waiting around 47.7586 days to sell a property.

With the median price for a house in Tranmere being $725000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.59%

Metrics i HOUSE UNIT
$725,000 N/A
-0.68% N/A
7.65% N/A
3.67% N/A
$500 N/A
37 N/A
3.59% N/A
47.7586206896552 N/A

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

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 1441
Median household income ($/weekly) 1799
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 187 13.0
    25-34 years 147 10.2
    35-44 years 249 17.3
    45-54 years 230 16.0
    55-64 years 176 12.2
    Others 453 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 710 67.4
    Not Married 260 24.7
    Defacto Relationship 84 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1230 86.9
    Croatia 15 1.1
    Greece 16 1.1
    United Kingdom 69 4.9
    Other 18 1.3
    Others 68 4.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 7 0.5
    Christianity 1034 75.0
    Hinduism 3 0.2
    Judaism 6 0.4
    No Religion 325 23.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 43 9.2
    $1,500-$1,999 64 13.7
    $2,000-$2,499 75 16.1
    $2,500-$2,999 48 10.3
    $3,000-$3,499 54 11.6
    Others 182 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 462 41.4
    Not in the labour force 336 30.1
    Employed, worked part-time 258 23.1
    Employed, away from work 36 3.2
    Unemployed, looking for work 25 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 131 17.4
    Professionals 197 26.1
    Technicians & trades workers 80 10.6
    Community & personal service workers 81 10.7
    Clerical & administrative workers 131 17.4
    Others 134 17.8
    Occupation
    Census Count Percent(%)
    Pre-school 14 4.2
    Infants/Primary 148 43.9
    Secondary 97 28.8
    Technical or Further Educational Institution 29 8.6
    University or other Tertiary Institutions 43 12.8
    Others 6 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1297 93.5
    Semi-detached, row or terrace house, townhouse 90 6.5
    Flat, unit or apartment 0 0.0
    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 265 52.1
    Fully owned 182 35.8
    Rented 62 12.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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