Suburb Profile Report for Hadspen TAS (7290)

Hadspen House: Median price $380,000, Annual capital growth 3.42%, Number of sales 25, Weekly median advertised rent $365

Hadspen Unit: Median price $155,000, Annual capital growth -13.74%, Number of sales 12, Weekly median advertised rent $250

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Property value increases in Hadspen have tracked just higher than the TAS average of 11.35% over the last 12 months.

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

The TAS suburb of Hadspen, 7290 is in the Meander Valley (M) local government area.

Hadspen is in the bottom 20% in TAS when comparing median price capital growth over the last year. Hadspen gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.06%.

Across a shorter period, Hadspen, 7290 has seen a median price increase of -3.13% over the last quarter.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$380,000	$155,000
Quarterly growth	1.33%	-3.13%
12-month growth	16.03%	-6.06%
Average Annual Growth	3.42%	-13.74%
Weekly median advertised rent	$365	$250
Number of sales	25	12
Gross rental yield	4.99%	8.39%
Days on market	44.9375	N/A

DSR Score for property investment : Good (H), Very good (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