Suburb Profile Report for Sheffield TAS (7306)

Sheffield House: Median price $290,000, Annual capital growth 4.17%, Number of sales 42, Weekly median advertised rent $280

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

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

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Property value increases in Sheffield have tracked close to the TAS average of 9.78% over the last 12 months.

A 6.42% growth in median value for property investors in Sheffield,7306 puts this suburb at number 181th in terms of best performing suburbs in TAS

LACK OF BUYER INTEREST may well be the reason that Sheffield is offering property investors an average of -5.38. This rate of discount on properties puts Suburb at number 66th in terms of most discounted suburbs in TAS

With the median price for a house in Sheffield being $290000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.02%

Information supplied by:


November 2018

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Prices fluctuate

Postcode: 7306

Median house price: $248,000

Three-year growth: -11.0%

Rental yield: 5.2%

Situated on the foothills of Mount Roland, Sheffield is the rural centre for the mountain region. It is known for the murals decorating the suburb that illustrate the history of the area, and is regarded as the Apple Isle’s outdoor gallery.

This is a massive change from Sheffield’s background as an industrial hub. An annual mural-painting festival is now held in Mural Park, while indoor treasures are found in Mural House. Residents can enjoy rowing at Lake Barrington and picnicking at Devils Gate Dam. 

Sheffield is a volatile market, with prices rising and falling over recent years. Prices declined by 11% in 2015, but rose by 7.8% in the year to August 2018 before slipping again in the three months to August. The market, however, is very low priced, with the median house value being lower than $250,000.

Metrics i HOUSE UNIT
$290,000 N/A
-5.69% N/A
9.43% N/A
4.17% N/A
$280 N/A
42 N/A
5.02% N/A
109.086956521739 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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 1538
Median household income ($/weekly) 711
Median age of persons 47
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 192 12.5
    35-44 years 183 11.9
    45-54 years 214 13.9
    55-64 years 245 15.9
    65-74 years 190 12.3
    Others 515 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 571 52.1
    Not Married 419 38.3
    Defacto Relationship 105 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1324 88.7
    New Zealand 13 0.9
    Papua New Guinea 11 0.7
    United Kingdom 86 5.8
    Other 16 1.1
    Others 42 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 931 66.5
    No Religion 447 31.9
    Other Religious Groups 10 0.7
    Buddhism 9 0.6
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 77 14.6
    $400-$599 100 18.9
    $600-$799 79 15.0
    $800-$999 48 9.1
    $1,500-$1,999 55 10.4
    Others 169 32.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 613 50.0
    Employed, worked full-time 316 25.8
    Employed, worked part-time 204 16.6
    Employed, away from work 48 3.9
    Unemployed, looking for work 46 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 97 17.3
    Technicians & trades workers 77 13.7
    Community & personal service workers 66 11.7
    Machinery operators & drivers 68 12.1
    Labourers 94 16.7
    Others 160 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 121 42.8
    Secondary 95 33.6
    Technical or Further Educational Institution 29 10.2
    University or other Tertiary Institutions 19 6.7
    Other type of educational institution 12 4.2
    Others 7 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1319 95.0
    Semi-detached, row or terrace house, townhouse 34 2.4
    Flat, unit or apartment 19 1.4
    House or flat attached to a shop, office 16 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 247 43.0
    Being purchased 182 31.7
    Rented 142 24.7
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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