Suburb Profile Report for Latrobe TAS (7307)

Latrobe House: Median price $300,000, Annual capital growth 2.19%, Number of sales 93, Weekly median advertised rent $290

Latrobe Unit: Median price $270,000, Annual capital growth 2.11%, Number of sales 27, Weekly median advertised rent $263

  • 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

Latrobe has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -2.28% to date .

Latrobe,7307 was ranked 1605 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Latrobe itself are offering an average vendor discount of -4.81% to real estate investors.

Often selling an investment property can take time, and in Latrobe the average time real estate has been on the market is 75.6207 days.

With the median price for a house in Latrobe being $300000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.03%

Over the last year, property investments in Latrobe, 7307 have given investors a capital gain of 8.22%. This compares favourably with the 2.66% for TAS as a whole.

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

Latrobe, 7307 is offering TAS ‘s 19th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.

Often selling an investment property can take time, and in Latrobe the average time real estate has been on the market is 78.7917 days.

Advertised rents are around the $262.5 mark per week – giving a return of 5.06% based on the median price in Suburb

Metrics i HOUSE UNIT
$300,000 $270,000
0.00% -0.92%
-2.28% 8.22%
2.19% 2.11%
$290 $263
93 27
5.03% 5.06%
75.6206896551724 78.7916666666667

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), Above average (U)
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Demographics
Total population 3897
Median household income ($/weekly) 851
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 502 12.9
    25-34 years 458 11.8
    35-44 years 470 12.1
    45-54 years 528 13.5
    55-64 years 566 14.5
    Others 1373 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1389 49.4
    Not Married 1121 39.9
    Defacto Relationship 303 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3427 92.3
    New Zealand 20 0.5
    Papua New Guinea 25 0.7
    United Kingdom 153 4.1
    Other 26 0.7
    Others 62 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.7
    Christianity 2394 68.0
    Hinduism 9 0.3
    Islam 9 0.3
    No Religion 1076 30.6
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 10.1
    $400-$599 255 18.6
    $600-$799 161 11.7
    $800-$999 157 11.5
    $1,500-$1,999 141 10.3
    Others 519 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1304 43.6
    Employed, worked full-time 919 30.7
    Employed, worked part-time 532 17.8
    Employed, away from work 121 4.0
    Unemployed, looking for work 117 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 168 10.7
    Professionals 196 12.5
    Technicians & trades workers 273 17.4
    Community & personal service workers 179 11.4
    Labourers 252 16.1
    Others 502 32.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.1
    Infants/Primary 348 45.8
    Secondary 197 26.0
    Technical or Further Educational Institution 111 14.6
    University or other Tertiary Institutions 47 6.2
    Others 17 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3314 91.7
    Flat, unit or apartment 170 4.7
    Semi-detached, row or terrace house, townhouse 90 2.5
    House or flat attached to a shop, office 40 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 538 36.2
    Being purchased 515 34.6
    Rented 426 28.6
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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