Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $330,000, Annual capital growth 2.37%, Number of sales 33, Weekly median advertised rent $350

Hadspen Unit: Median price $157,500, Annual capital growth 4.64%, Number of sales 22, Weekly median advertised rent $350

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.

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House Report
Unit Report

Investment property in Hadspen has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.82%

When looking at the potential capital gains offered to property investors over the last 3 years, Hadspen comes in at number 168th in TAS.

TAS has seen average median house prices change by 5.99% which means that Hadspen, 7290 has done well for property investors by showing a capital gain of -21.25% over the last year

Over the longer term, Hadspen has seen property prices show investors a -14.86% return over the last 3 years. This is worse than over the last 12 months

Metrics	HOUSE	UNIT
Median price	$330,000	$157,500
Quarterly growth	1.54%	-4.55%
12-month growth	-7.82%	-21.25%
Average Annual Growth	2.37%	4.64%
Weekly median advertised rent	$350	$350
Number of sales	33	22
Gross rental yield	5.52%	11.56%
Days on market	41.8	69.8333333333333

DSR Score for property investment : Good (H), Above average (U)

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Demographics

Total population	2061
Median household income ($/weekly)	1133
Median age of persons	36
Median housing loan repayment ($/monthly)	1300
Average household size	2.6

Census	Count	Percent(%)
5-14 years	317	15.4
25-34 years	265	12.9
35-44 years	320	15.5
45-54 years	278	13.5
55-64 years	228	11.1
Others	654	31.7

Age Group

Census	Count	Percent(%)
Registered Married	846	55.7
Not Married	507	33.4
Defacto Relationship	166	10.9

Social Marital Status

Census	Count	Percent(%)
Australia	1858	92.6
Greece	12	0.6
New Zealand	11	0.5
United Kingdom	82	4.1
Other	13	0.6
Others	31	1.5

Country of Birth

Census	Count	Percent(%)
Christianity	1388	71.4
No Religion	554	28.5
Other Religious Groups	3	0.2
Buddhism	0	0.0
Hinduism	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$400-$599	98	13.9
$800-$999	76	10.7
$1,000-$1,249	73	10.3
$1,250-$1,499	73	10.3
$1,500-$1,999	116	16.4
Others	271	38.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	631	40.4
Not in the labour force	452	29.0
Employed, worked part-time	362	23.2
Employed, away from work	69	4.4
Unemployed, looking for work	47	3.0

Person Characteristics

Census	Count	Percent(%)
Professionals	132	12.5
Technicians & trades workers	189	17.8
Community & personal service workers	112	10.6
Clerical & administrative workers	166	15.7
Sales	142	13.4
Others	318	30.0

Occupation

Census	Count	Percent(%)
Pre-school	24	5.0
Infants/Primary	202	42.0
Secondary	163	33.9
Technical or Further Educational Institution	51	10.6
University or other Tertiary Institutions	29	6.0
Others	12	2.5

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1882	93.7
Semi-detached, row or terrace house, townhouse	92	4.6
Flat, unit or apartment	31	1.5
Caravan, cabin, houseboat	3	0.1
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0