Suburb Profile Report for Shearwater TAS (7307)

Shearwater House: Median price $377,500, Annual capital growth 3.00%, Number of sales 55, Weekly median advertised rent $330

Shearwater Unit: Median price $285,000, Annual capital growth 3.49%, Number of sales 20, Weekly median advertised rent $280

  • 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.

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Over the last year, property investments in Shearwater, 7307 have given investors a capital gain of 7.24%. This compares averagely with the 7.30% for TAS as a whole.

Comparing Shearwater,7307 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -4.25% below the asking price at the moment.

Residents and property investors in Shearwater have been waiting around 50.2778 days to sell a property.

Shearwater, 7307’s gross rental yield is 4.55%

If you compare the increase in value of investment property in Shearwater, 7307 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.43%.

Shearwater,7307 has offered an average of 2.43% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Shearwater are currently offering property investors an average price cut of -3.11% below the asking price at the moment.

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Shearwater, TAS – Vacancies are tight in the Apple Isle

Postcode: 7307

Median unit price: $295,000

Vacancy rate: 1.3%

Three-year growth: 12%

A small holidaymaker’s destination, Shearwater sits on the north coast of Tasmania near Devonport. Its proximity to the beach makes it a highly popular stop for visitors.

The average vacancy rate plummeted sharply from 2.0% in July 2018 to 1.3% a year later, suggesting a strong influx of renters.

Shearwater is close to Port Sorell and Hawley Beach, and its affordability has drawn many buyers in recent years as the Apple Isle hit its peak. With the burgeoning tourism industry, amenities have been constructed to serve visitors, including a shopping centre and country club resort. The RubiCon Estuary is home to many species of birds, including pied oystercatchers – as a result, it has been designated as an Important Bird Area.

Metrics i HOUSE UNIT
$377,500 $285,000
4.28% -1.72%
7.24% 2.43%
3.00% 3.49%
$330 $280
55 20
4.55% 5.11%
50.2777777777778 120

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 : Above average (H), Good (U)
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Demographics
Total population 1481
Median household income ($/weekly) 870
Median age of persons 49
Median housing loan repayment ($/monthly) 1404
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 150 10.1
    25-34 years 163 11.0
    45-54 years 163 11.0
    55-64 years 247 16.7
    65-74 years 199 13.4
    Others 559 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 615 58.4
    Not Married 316 30.0
    Defacto Relationship 122 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1277 89.1
    Indonesia 9 0.6
    Papua New Guinea 21 1.5
    United Kingdom 98 6.8
    Other 7 0.5
    Others 21 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 953 69.9
    No Religion 395 29.0
    Buddhism 16 1.2
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 59 10.6
    $400-$599 101 18.2
    $600-$799 63 11.4
    $800-$999 65 11.7
    $1,500-$1,999 57 10.3
    Others 209 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 586 49.0
    Employed, worked full-time 356 29.7
    Employed, worked part-time 179 15.0
    Employed, away from work 47 3.9
    Unemployed, looking for work 29 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 83 14.4
    Professionals 104 18.0
    Technicians & trades workers 92 15.9
    Clerical & administrative workers 89 15.4
    Sales 62 10.7
    Others 148 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 15 5.7
    Infants/Primary 120 46.0
    Secondary 54 20.7
    Technical or Further Educational Institution 42 16.1
    University or other Tertiary Institutions 23 8.8
    Others 7 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1197 89.7
    Semi-detached, row or terrace house, townhouse 135 10.1
    Flat, unit or apartment 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 265 44.8
    Being purchased 162 27.4
    Rented 159 26.9
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
Chart Table