Suburb Profile Report for Herdsmans Cove TAS (7030)

Herdsmans Cove House: Median price $239,500, Annual capital growth 9.51%, Number of sales 23, Weekly median advertised rent $325

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

TAS has seen average median house prices change by 7.07% which means that Herdsmans Cove, 7030 has done well for property investors by showing a capital gain of 14.05% over the last year

Across a shorter period, Herdsmans Cove, 7030 has seen a median price increase of 8.86% over the last quarter.

In the last year 23 properties changed hands in Herdsmans Cove, which puts it as the 117th most active market in TAS when comparing the number of sales per suburb.

A $325 per week rent on the median house gives suburb investors a gross yield of circa 7.06%, without taking into account capital value appreciation, which has been averaging out at 9.51%.

Metrics	HOUSE	UNIT
Median price	$239,500	N/A
Quarterly growth	8.86%	N/A
12-month growth	14.05%	N/A
Average Annual Growth	9.51%	N/A
Weekly median advertised rent	$325	N/A
Number of sales	23	N/A
Gross rental yield	7.06%	N/A
Days on market	19.0714285714286	N/A

DSR Score for property investment : Very good (H), Above average (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