Suburb Profile Report for Bridgewater TAS (7030)

Bridgewater House: Median price $220,000, Annual capital growth 2.93%, Number of sales 63, Weekly median advertised rent $300

Bridgewater Unit: Median price $168,000, Annual capital growth 4.34%, Number of sales 11, Weekly median advertised rent N/A

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

Giving property investors a a solid capital gain of 18.92% for the last year, Bridgewater, 7030 is the 324th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Bridgewater,7030 has racked up an average of 18.92% over the period. This ranks it number 680th in the whole country for real estate investors looking at median house price increases.

At number 93th of TAS’s most discounted properties, Bridgewater is in the TOP 40% of the state/territory when listing in order of most discounted to least.

At number 102 in a list of fastest selling suburbs, Bridgewater is in the TOP 10% of suburbs in Australia with an average of days on market 30.93 for properties listed there.

Advertised rents are around the $300 mark per week – giving a return of 7.09% based on the median price in Suburb

Investment property in Bridgewater has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.75%

Metrics i HOUSE UNIT
$220,000 $168,000
4.76% N/A
18.92% 12.75%
2.93% 4.34%
$300 N/A
63 11
7.09% N/A
30.93 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 4124
Median household income ($/weekly) 680
Median age of persons 32
Median housing loan repayment ($/monthly) 1036
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 697 16.9
    25-34 years 564 13.7
    35-44 years 460 11.2
    45-54 years 464 11.3
    55-64 years 588 14.3
    Others 1351 32.8
    Age Group
    Census Count Percent(%)
    Not Married 1372 51.7
    Registered Married 902 34.0
    Defacto Relationship 380 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3472 95.9
    Greece 14 0.4
    Papua New Guinea 13 0.4
    United Kingdom 71 2.0
    Other 17 0.5
    Others 34 0.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2366 69.4
    No Religion 1011 29.7
    Other Religious Groups 21 0.6
    Buddhism 8 0.2
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 181 14.1
    $400-$599 256 19.9
    $600-$799 176 13.7
    $800-$999 154 12.0
    $1,000-$1,249 141 11.0
    Others 376 29.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1387 51.9
    Employed, worked full-time 633 23.7
    Employed, worked part-time 392 14.7
    Unemployed, looking for work 178 6.7
    Employed, away from work 85 3.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 156 14.1
    Community & personal service workers 167 15.1
    Sales 130 11.8
    Machinery operators & drivers 145 13.1
    Labourers 285 25.8
    Others 222 20.1
    Occupation
    Census Count Percent(%)
    Pre-school 47 5.5
    Infants/Primary 393 46.3
    Secondary 275 32.4
    Technical or Further Educational Institution 80 9.4
    Other type of educational institution 30 3.5
    Others 23 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3499 92.7
    Flat, unit or apartment 163 4.3
    Semi-detached, row or terrace house, townhouse 110 2.9
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 721 50.6
    Being purchased 408 28.7
    Fully owned 283 19.9
    Other tenure type 12 0.8
    Tenure Type
Census 2011, ABS
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