Suburb Profile Report for Ulverstone TAS (7315)

Ulverstone House: Median price $270,000, Annual capital growth 1.59%, Number of sales 138, Weekly median advertised rent $280

Ulverstone Unit: Median price $248,000, Annual capital growth 1.32%, Number of sales 21, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Ulverstone, 7315 have given investors a capital gain of 3.85%. This compares badly with the 12.21% for TAS as a whole.

Ulverstone,7315 was ranked 2070 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.46% offered to property buyers. Sellers in Ulverstone itself are offering an average vendor discount of -6.03% to real estate investors.

Often selling an investment property can take time, and in Ulverstone the average time real estate has been on the market is 105.37 days.

Renters in Suburb are facing rents around $14560 per annum or $280 every week.

With a capital gain of 3.33% for the last 12 months, Ulverstone, 7315 has performed for property investments than its average annual 1.32% property growth over the last 5 years.

Ulverstone,7315 was ranked 1395 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 -6.23% off the asking price, which is the average vendor discount being achieved at the moment.

The TAS suburb of Ulverstone, 7315 is in the Central Coast local government area.

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March 2018

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Situated at the mouth of the Leven River, Ulverstone is a lively seaside suburb that is a great holiday destination given the presence of beaches and natural sceneryFull summary

Laid-back lifestyle attracts buyers

Postcode: 7315

Median unit price: $244,000

Three-year growth: 16.2%

Rental yield: 4.7%

Situated at the mouth of the Leven River, Ulverstone is a lively seaside suburb that is a great holiday destination given the presence of beaches and natural scenery.

Ulverstone has not seen particularly strong, if consistent, growth in the past five years leading up to December 2017, although it did record an 8.2% rise in unit prices in the December 2016-2017 period. Nonetheless, with the regional areas of Tasmania potentially catching a spillover from Hobart, it may be a good time to enter the market while prices are low.

Ulverstone is one of the largest towns in the state and is stocked with parklands and gardens providing lovely views of the surroundings. It is also a foodie stop given the strong tradition of agriculture.

Close
Metrics i HOUSE UNIT
$270,000 $248,000
0.00% -3.88%
3.85% 3.33%
1.59% 1.32%
$280 $230
138 21
5.39% 4.82%
105.37 111.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Ulverstone TAS
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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