Suburb Profile Report for Primrose Sands TAS (7173)

Primrose Sands House: Median price $285,500, Annual capital growth 5.35%, Number of sales 53, Weekly median advertised rent $350

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

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

  • Expert Report
  • House Report

Investment property in Primrose Sands 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 14.20%

Over the longer term, Primrose Sands has seen property prices show investors a 42.75% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Primrose Sands are currently offering property investors an average price cut of -6.16% below the asking price at the moment.

Residents and property investors in Primrose Sands have been waiting around 46.7429 days to sell a property.

Primrose Sands, 7173’s gross rental yield is 6.37%

YIP MAG Information supplied by:

YIP MAG
March 2016

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Sitting on a gorgeous strip of Tasmanian coastline, Primrose Sands is a quiet seaside retreat 27km east of Hobart and around 15km southeast of the Hobart Airport.

A 40-minute drive around the bay from Hobart, Primrose Sands links to Arthur Highway via Primrose Sands Road and Sugarloaf Road.

Residents enjoy a range of recreational amenities and water activities such as  shing, swimming and boating.

With such an impressive location, Primrose Sands has been a sought-after destination for holidaymakers for some time.

Budget-conscious investors may  nd the median house value of just $190,500 an attractive proposition, especially when you consider that the rental yield is a healthy 5.6% for houses and 10.5% for units.
Metrics i HOUSE UNIT
$285,500 N/A
3.82% N/A
14.20% N/A
5.35% N/A
$350 N/A
53 N/A
6.37% N/A
46.7428571428571 N/A

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

DSR Score for property investment : Excellent (H), Good (U)
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Demographics
Total population 934
Median household income ($/weekly) 628
Median age of persons 47
Median housing loan repayment ($/monthly) 888
Average household size 2
  • Census Count Percent(%)
    25-34 years 101 10.8
    35-44 years 107 11.5
    45-54 years 166 17.8
    55-64 years 175 18.8
    65-74 years 106 11.4
    Others 278 29.8
    Age Group
    Census Count Percent(%)
    Not Married 292 43.7
    Registered Married 261 39.1
    Defacto Relationship 115 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 742 88.0
    New Zealand 10 1.2
    Papua New Guinea 18 2.1
    United Kingdom 50 5.9
    Other 12 1.4
    Others 11 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 563 69.9
    No Religion 224 27.8
    Buddhism 10 1.2
    Other Religious Groups 6 0.7
    Islam 3 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 15.1
    $400-$599 75 20.2
    $600-$799 58 15.6
    $800-$999 29 7.8
    $1,500-$1,999 34 9.1
    Others 120 32.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 361 49.5
    Employed, worked full-time 182 25.0
    Employed, worked part-time 111 15.2
    Unemployed, looking for work 48 6.6
    Employed, away from work 27 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 35 11.0
    Technicians & trades workers 44 13.8
    Community & personal service workers 48 15.1
    Clerical & administrative workers 42 13.2
    Labourers 58 18.2
    Others 91 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 7 5.9
    Infants/Primary 54 45.8
    Secondary 30 25.4
    Technical or Further Educational Institution 13 11.0
    University or other Tertiary Institutions 8 6.8
    Others 6 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 818 99.5
    Semi-detached, row or terrace house, townhouse 4 0.5
    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 156 39.4
    Fully owned 152 38.4
    Rented 88 22.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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