Suburb Profile Report for Ulverstone TAS (7315)

Ulverstone House: Median price $311,250, Annual capital growth 2.44%, Number of sales 128, Weekly median advertised rent $300

Ulverstone Unit: Median price $265,150, Annual capital growth 1.98%, Number of sales 36, Weekly median advertised rent $250

  • 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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With a capital gain of 9.21% for the last 12 months, Ulverstone, 7315 has performed for property investments than its average annual 2.44% property growth over the last 5 years.

Ulverstone,7315 was ranked 557 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Ulverstone should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.

TAS has seen average median house prices change by 6.12% which means that Ulverstone, 7315 has done well for property investors by showing a capital gain of 10.48% over the last year

While Ulverstone,7315 ranked number 60th in TAS for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Ulverstone is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in TAS

A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 1.98%.

Information supplied by:




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Ulverstone, TAS – A laidback atmosphere at low cost

Postcode: 7315

Median unit price: $239,000

Three-year growth: 7.9%

Rental yield: 5.4%

A seaside suburb on the mouth of the Leven River, Ulverstone is the perfect place to kick back and relax, with its abundance of natural attractions and beaches at a low median price of less than $250,000.

The local river and estuary are excellent fishing spots, and incredible views of the town can be enjoyed while walking through the zig-zig gardens of Maud Street. There are river cruises that allow residents to enjoy meals on the riverbank. Cycle tracks along the beach make for enjoyable walks and exercise.

Ulverstone also has a thriving food scene thanks to its agricultural industry. The suburb is known for its excellent coffee and seasonal produce.

Metrics i HOUSE UNIT
$311,250 $265,150
5.51% -4.45%
9.21% 10.48%
2.44% 1.98%
$300 $250
128 36
5.01% 4.90%
81.7159090909091 98.4285714285714

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), Above average (U)
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Demographics
Total population 6342
Median household income ($/weekly) 766
Median age of persons 45
Median housing loan repayment ($/monthly) 1122
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 749 11.8
    35-44 years 715 11.3
    45-54 years 917 14.5
    55-64 years 857 13.5
    65-74 years 735 11.6
    Others 2370 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 2295 49.0
    Not Married 1951 41.7
    Defacto Relationship 436 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5499 91.8
    New Zealand 68 1.1
    Papua New Guinea 33 0.6
    United Kingdom 277 4.6
    Other 35 0.6
    Others 78 1.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.5
    Christianity 4007 70.7
    Islam 6 0.1
    Other Religious Groups 12 0.2
    No Religion 1613 28.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 340 14.4
    $400-$599 385 16.3
    $600-$799 325 13.7
    $800-$999 225 9.5
    $1,500-$1,999 255 10.8
    Others 838 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2302 46.4
    Employed, worked full-time 1425 28.7
    Employed, worked part-time 900 18.1
    Unemployed, looking for work 183 3.7
    Employed, away from work 155 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 385 15.5
    Technicians & trades workers 415 16.7
    Community & personal service workers 291 11.7
    Sales 289 11.6
    Labourers 378 15.2
    Others 723 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 37 3.0
    Infants/Primary 498 40.9
    Secondary 378 31.0
    Technical or Further Educational Institution 171 14.0
    University or other Tertiary Institutions 110 9.0
    Others 25 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5224 89.5
    Semi-detached, row or terrace house, townhouse 94 1.6
    Flat, unit or apartment 497 8.5
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 13 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1063 41.5
    Being purchased 792 30.9
    Rented 679 26.5
    Other tenure type 29 1.1
    Tenure Type
Census 2011, ABS
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