Suburb Profile Report for Mowbray TAS (7248)

Mowbray House: Median price $260,000, Annual capital growth 2.41%, Number of sales 76, Weekly median advertised rent $320

Mowbray Unit: Median price $216,000, Annual capital growth 4.87%, Number of sales 33, Weekly median advertised rent $250

  • 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
  • Unit Report

Investment property in Mowbray has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.00%

Mowbray,7248 has offered an average of 4.00% return per annum in house price rises to property investors over the last three years.

The most recent median price for Mowbray is $260000, with sellers offering an average of -5.95% off the asking price.

At number 1403 in a list of fastest selling suburbs, Mowbray is in the TOP 40% of suburbs in Australia with an average of days on market 69.5345 for properties listed there.

The TAS suburb of Mowbray, 7248 is in the Launceston (C) local government area.

Mowbray, 7248 ranked 47th in TAS when comparing growth in median property values or capital gain over the last 12 months. Mowbray is one of 606 in our list for TAS

While Mowbray,7248 ranked number 59th in TAS for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.

Mowbray, 7248 is offering TAS ‘s 6th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this TAS.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

Renters in Suburb are facing rents around $13000 per annum or $250 every week.

Metrics i HOUSE UNIT
$260,000 $216,000
-0.38% -8.09%
4.00% -2.26%
2.41% 4.87%
$320 $250
76 33
6.40% 6.02%
69.5344827586207 93.8

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), Very 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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