Suburb Profile Report for Bridport TAS (7262)

Bridport House: Median price $371,000, Annual capital growth 2.41%, Number of sales 43, Weekly median advertised rent $300

Bridport Unit: Median price $377,500, Annual capital growth 16.72%, Number of sales 18, Weekly median advertised rent N/A

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

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

  • House Report
  • Unit Report

Investment property in Bridport 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 14.15%

Over the longer term, Bridport has seen property prices show investors a 31.91% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Bridport 7262 should be seeing an average reduction in asking price of around -6.81% . This means that Bridport is holding prices well when compared to other suburbs in TAS.

In the last year 43 properties changed hands in Bridport, which puts it as the 68th most active market in TAS when comparing the number of sales per suburb.

With the median price for a house in Bridport being $371000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.20%

At number 16th in the list of Australian suburbs ordered by increase in median house value over the last year, Bridport, 7262 is in the top 10% with a property value increase of 35.55% recorded in median house prices.

Across a shorter period, Bridport, 7262 has seen a median price increase of -1.95% over the last quarter.

Metrics i HOUSE UNIT
$371,000 $377,500
0.95% -1.95%
14.15% 35.55%
2.41% 16.72%
$300 N/A
43 18
4.20% N/A
77.3703703703704 N/A

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

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 1715
Median household income ($/weekly) 788
Median age of persons 46
Median housing loan repayment ($/monthly) 1221
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 212 12.4
    35-44 years 197 11.5
    45-54 years 250 14.6
    55-64 years 248 14.5
    65-74 years 228 13.3
    Others 580 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 672 53.9
    Not Married 458 36.7
    Defacto Relationship 117 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1512 92.5
    New Zealand 15 0.9
    Papua New Guinea 11 0.7
    United Kingdom 43 2.6
    Other 12 0.7
    Others 41 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1068 69.5
    No Religion 460 29.9
    Buddhism 8 0.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 87 13.9
    $400-$599 116 18.6
    $600-$799 80 12.8
    $800-$999 66 10.6
    $1,500-$1,999 60 9.6
    Others 216 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 597 44.1
    Employed, worked full-time 397 29.3
    Employed, worked part-time 257 19.0
    Employed, away from work 54 4.0
    Unemployed, looking for work 48 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 109 15.4
    Professionals 90 12.7
    Technicians & trades workers 134 18.9
    Community & personal service workers 77 10.8
    Labourers 111 15.6
    Others 189 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 12 3.8
    Infants/Primary 129 41.0
    Secondary 113 35.9
    Technical or Further Educational Institution 32 10.2
    University or other Tertiary Institutions 21 6.7
    Others 8 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1459 93.8
    Flat, unit or apartment 85 5.5
    Semi-detached, row or terrace house, townhouse 8 0.5
    Caravan, cabin, houseboat 4 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 320 46.5
    Being purchased 198 28.8
    Rented 162 23.5
    Other tenure type 8 1.2
    Tenure Type
Census 2011, ABS
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