Suburb Profile Report for Herdsmans Cove TAS (7030)

Herdsmans Cove House: Median price $264,000, Annual capital growth 11.99%, Number of sales 15, Weekly median advertised rent $340

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Herdsmans Cove is in the TOP 20% in TAS when comparing median price capital growth over the last year. Herdsmans Cove gave property investors a very good capital gain figure when compared to the rest of the state, with 19.46%.

Herdsmans Cove,7030 was ranked 881 in Australia by increase in median property value over the quarter.

On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 6.70%, without taking into account capital value appreciation, which has been averaging out at 11.99%.

Metrics	HOUSE	UNIT
Median price	$264,000	N/A
Quarterly growth	5.60%	N/A
12-month growth	19.46%	N/A
Average Annual Growth	11.99%	N/A
Weekly median advertised rent	$340	N/A
Number of sales	15	N/A
Gross rental yield	6.70%	N/A
Days on market	N/A	N/A

DSR Score for property investment : Good (H), Good (U)

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Demographics

Total population	1134
Median household income ($/weekly)	675
Median age of persons	25
Median housing loan repayment ($/monthly)	879
Average household size	3

Census	Count	Percent(%)
0-4 years	137	12.1
5-14 years	246	21.7
25-34 years	172	15.2
35-44 years	136	12.0
45-54 years	112	9.9
Others	330	29.1

Age Group

Census	Count	Percent(%)
Not Married	339	51.8
Registered Married	191	29.2
Defacto Relationship	125	19.1

Social Marital Status

Census	Count	Percent(%)
Australia	967	97.9
United Kingdom	12	1.2
Poland	5	0.5
Other	4	0.4
Bosnia and Herzegovina	0	0.0
Others	0	0.0

Country of Birth

Census	Count	Percent(%)
Christianity	594	63.7
No Religion	339	36.3
Buddhism	0	0.0
Hinduism	0	0.0
Islam	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$200-$299	31	10.0
$300-$399	45	14.6
$400-$599	56	18.1
$600-$799	41	13.3
$800-$999	36	11.7
Others	100	32.4

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	373	55.4
Employed, worked full-time	135	20.1
Employed, worked part-time	76	11.3
Unemployed, looking for work	66	9.8
Employed, away from work	23	3.4

Person Characteristics

Census	Count	Percent(%)
Technicians & trades workers	31	12.9
Community & personal service workers	31	12.9
Sales	25	10.4
Machinery operators & drivers	34	14.2
Labourers	73	30.4
Others	46	19.2

Occupation

Census	Count	Percent(%)
Pre-school	17	6.1
Infants/Primary	144	51.6
Secondary	83	29.7
Technical or Further Educational Institution	26	9.3
Other type of educational institution	6	2.2
Others	3	1.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1005	97.7
Flat, unit or apartment	24	2.3
Semi-detached, row or terrace house, townhouse	0	0.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0