Suburb Profile Report for Mowbray TAS (7248)

Mowbray House: Median price $258,000, Annual capital growth 3.10%, Number of sales 76, Weekly median advertised rent $305

Mowbray Unit: Median price $245,000, Annual capital growth 10.08%, Number of sales 23, Weekly median advertised rent $270

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Mowbray, 7248 have given investors a capital gain of 6.61%. This compares averagely with the 6.96% for TAS as a whole.

While Mowbray,7248 ranked number 71th in TAS for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.

Property investors looking for a bargain in Mowbray should be aiming for at least -4.43% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Mowbray being $258000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 6.15%

Mowbray has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 18.36% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mowbray comes in at number 1st in TAS.

Vendor discounting in Mowbray is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 17th in TAS when ranking the most discounted suburbs.

Advertised rents are around the $270 mark per week – giving a return of 5.73% based on the median price in Suburb

Metrics i HOUSE UNIT
$258,000 $245,000
1.98% 12.64%
6.61% 18.36%
3.10% 10.08%
$305 $270
76 23
6.15% 5.73%
54.609375 64.7222222222222

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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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