Suburb Profile Report for Invermay TAS (7248)

Invermay House: Median price $307,500, Annual capital growth 3.94%, Number of sales 73, Weekly median advertised rent $330

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

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

  • House Report

Investment property in Invermay 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 9.82%

Across a shorter period, Invermay, 7248 has seen a median price increase of 0.82% over the last quarter.

Property investors looking for a bargain in Invermay should be aiming for at least -4.61% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.

With the median price for a house in Invermay being $307500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.58%

Metrics i HOUSE UNIT
$307,500 N/A
0.82% N/A
9.82% N/A
3.94% N/A
$330 N/A
73 N/A
5.58% N/A
46.0178571428572 N/A

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

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3086
Median household income ($/weekly) 713
Median age of persons 34
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 353 11.4
    25-34 years 467 15.1
    35-44 years 412 13.3
    45-54 years 432 14.0
    55-64 years 346 11.2
    Others 1077 34.9
    Age Group
    Census Count Percent(%)
    Not Married 1388 58.7
    Registered Married 687 29.1
    Defacto Relationship 288 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2428 84.8
    Malta 31 1.1
    Papua New Guinea 32 1.1
    United Kingdom 87 3.0
    Other 177 6.2
    Others 108 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.7
    Christianity 1612 59.1
    Hinduism 51 1.9
    Other Religious Groups 36 1.3
    No Religion 957 35.1
    Others 25 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 173 14.1
    $400-$599 169 13.8
    $600-$799 158 12.9
    $800-$999 128 10.4
    $1,000-$1,249 121 9.8
    Others 480 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 957 39.5
    Employed, worked full-time 722 29.8
    Employed, worked part-time 488 20.2
    Unemployed, looking for work 161 6.7
    Employed, away from work 93 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 220 16.9
    Technicians & trades workers 205 15.7
    Community & personal service workers 193 14.8
    Clerical & administrative workers 159 12.2
    Sales 160 12.3
    Others 366 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 30 3.6
    Infants/Primary 204 24.6
    Secondary 139 16.8
    Technical or Further Educational Institution 152 18.3
    University or other Tertiary Institutions 286 34.5
    Others 18 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2406 83.2
    Semi-detached, row or terrace house, townhouse 298 10.3
    Flat, unit or apartment 171 5.9
    House or flat attached to a shop, office 15 0.5
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 657 49.6
    Being purchased 370 27.9
    Fully owned 291 22.0
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table