Suburb Profile Report for Mowbray TAS (7248)

Mowbray House: Median price $240,000, Annual capital growth 2.67%, Number of sales 70, Weekly median advertised rent $290

Mowbray Unit: Median price $206,000, Annual capital growth 5.21%, Number of sales 17, Weekly median advertised rent $240

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

Mowbray is an average performer in TAS when comparing median price capital growth over the last year. Mowbray gave property investors a average capital gain figure when compared to the rest of the state, with 9.34%.

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Mowbray itself are offering an average vendor discount of -5.76% to real estate investors.

Mowbray, 7248’s gross rental yield is 6.28%

Mowbray has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 13.34% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mowbray comes in at number 32th in TAS.

Our latest figures would indicate that property sellers in Mowbray are currently offering property investors an average price cut of -5.61% below the asking price at the moment.

At number 1201 in a list of fastest selling suburbs, Mowbray is in the bottom 20% of suburbs in Australia with an average of days on market 103.9 for properties listed there.

Advertised rents are around the $240 mark per week – giving a return of 6.06% based on the median price in Suburb

Metrics i HOUSE UNIT
$240,000 $206,000
2.13% 0.24%
9.34% 13.34%
2.67% 5.21%
$290 $240
70 17
6.28% 6.06%
57.41 103.9

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3751
Median household income ($/weekly) 746
Median age of persons 29
Median housing loan repayment ($/monthly) 1127
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 460 12.3
    20-24 years 507 13.5
    25-34 years 573 15.3
    35-44 years 414 11.0
    45-54 years 376 10.0
    Others 1421 37.9
    Age Group
    Census Count Percent(%)
    Not Married 1589 57.0
    Registered Married 903 32.4
    Defacto Relationship 296 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2755 76.4
    Croatia 97 2.7
    Malta 87 2.4
    United Kingdom 73 2.0
    Other 398 11.0
    Others 196 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 2.1
    Christianity 2074 59.8
    Hinduism 108 3.1
    Islam 76 2.2
    No Religion 1071 30.9
    Others 65 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 168 12.5
    $400-$599 229 17.1
    $600-$799 180 13.4
    $800-$999 146 10.9
    $1,000-$1,249 166 12.4
    Others 454 33.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1366 47.0
    Employed, worked full-time 705 24.3
    Employed, worked part-time 557 19.2
    Unemployed, looking for work 193 6.6
    Employed, away from work 86 3.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 220 16.4
    Community & personal service workers 211 15.7
    Clerical & administrative workers 149 11.1
    Sales 168 12.5
    Labourers 243 18.1
    Others 353 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 33 2.5
    Infants/Primary 298 23.0
    Secondary 278 21.5
    Technical or Further Educational Institution 200 15.4
    University or other Tertiary Institutions 458 35.4
    Others 28 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3183 88.9
    Flat, unit or apartment 204 5.7
    Semi-detached, row or terrace house, townhouse 180 5.0
    Caravan, cabin, houseboat 7 0.2
    House or flat attached to a shop, office 7 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 658 46.0
    Fully owned 390 27.3
    Being purchased 372 26.0
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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