Suburb Profile Report for Taroona TAS (7053)

Taroona House: Median price $710,000, Annual capital growth 6.45%, Number of sales 43, Weekly median advertised rent $480

Taroona Unit: Median price $573,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $325

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

At number 123th in the list of Australian suburbs ordered by increase in median house value over the last year, Taroona, 7053 is in the top 10% with a property value increase of 26.00% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taroona has increased when compared to the 5 year average annual rate.

Vendor discounting in Taroona is giving property investors an average Vendor Discount of around -4.65%. This puts suburb at number 107th in TAS when ranking the most discounted suburbs.

Taroona is 118th on a list of best yielding suburbs for rents in TAS with a 3.52% return

Across a shorter period, Taroona, 7053 has seen a median price increase of 11.59% over the last quarter.

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

With the median price for a house in Taroona being $573000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 2.95%

Metrics i HOUSE UNIT
$710,000 $573,000
1.14% 11.59%
26.00% N/A
6.45% N/A
$480 $325
43 10
3.52% 2.95%
47.12 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 3001
Median household income ($/weekly) 1397
Median age of persons 45
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 392 13.1
    35-44 years 370 12.3
    45-54 years 465 15.5
    55-64 years 430 14.3
    65-74 years 268 8.9
    Others 1077 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1203 55.3
    Not Married 769 35.4
    Defacto Relationship 202 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2247 77.0
    Papua New Guinea 48 1.6
    South Africa 44 1.5
    United Kingdom 281 9.6
    Other 90 3.1
    Others 208 7.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.2
    Christianity 1422 52.7
    Hinduism 9 0.3
    Other Religious Groups 16 0.6
    No Religion 1214 45.0
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 11.5
    $600-$799 114 11.3
    $1,500-$1,999 136 13.4
    $2,000-$2,499 93 9.2
    $2,500-$2,999 101 10.0
    Others 453 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 819 35.5
    Employed, worked full-time 756 32.8
    Employed, worked part-time 584 25.3
    Employed, away from work 82 3.6
    Unemployed, looking for work 64 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 175 12.3
    Professionals 614 43.3
    Technicians & trades workers 120 8.5
    Community & personal service workers 149 10.5
    Clerical & administrative workers 171 12.1
    Others 189 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 20 2.5
    Infants/Primary 271 33.6
    Secondary 240 29.7
    Technical or Further Educational Institution 71 8.8
    University or other Tertiary Institutions 185 22.9
    Others 20 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2614 94.8
    Flat, unit or apartment 115 4.2
    Semi-detached, row or terrace house, townhouse 29 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 493 44.4
    Being purchased 413 37.2
    Rented 184 16.6
    Other tenure type 20 1.8
    Tenure Type
Census 2011, ABS
Chart Table
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