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Scamander, TAS 7215

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Scamander, TAS 7215 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Scamander, TAS 7215”

  1. The total adult population (15 years or older) of Scamander 7215 TAS is 681, with a median age of 51. Of those, 47.28% are married, 18.36% are divorced or separated, 30.10% are single and 5.43% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,884. The median monthly mortgage repayment for households in this suburb is $1,200 which is 24.57% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of Scamander 7215 boasts a charming community with an estimated 607 households. As we move into Q3 of 2023, the property market in this area presents a particularly engaging picture.

    Typical prices for houses in Scamander 7215 are currently sitting at $651,773. With a median weekly rent of $381, these prices generate an indicative yield of 3.04%. This yield meets the minimum attractive market requirement of 3% for cashflow-centric property investors, indicating that the suburb offers steady returns.

    Speaking of socio-economic aspects, the IRSAD score for Scamander is 912 out of a possible 1217. This demonstrates that the region has a solid socio-economic status with reliable access to economic resources. Additionally, a renter to owner ratio of 23% suggests a balanced market with a considered proportion of rental properties.

    In terms of the property types in the area, the units to houses ratio stands at a low 8%. This implies that there’s less competition amongst landlords for tenants, lending favourability towards rental yields.

    However, the affordability index rings in at a high 52 years, indicating a decreased affordability in this area. It’s important to note that this could impact the buying power of potential investors or homeowners considering this suburb.

    Taking a dive into supply metrics, Scamander has a stock on market Percentage of 0.74% – a neutral figure not indicating significant oversupply or undersupply. The inventory acts more favourably with a level of 2.4 months which is a sign of a low-to-neutral market supply.

    In terms of building activity, the building approvals Ratio for houses stands at 0.0%. The low BA ratio figure indicates that relatively little new building stock is entering the market; hence, not creating an oversupply issue.

    Complementary to the healthy yield, the average days on market for houses is quite speedy at just 22 days. Such a quick turnover indicates high demand for properties in the Scamander area.

    Furthermore, the combined vacancy rate for houses and units here measures a neutral 2.19%, suggesting a balanced supply-demand scenario.

    Lastly, the buy search index for houses in Scamander stands at 4. Although not indicating high demand, it’s still in the neutral range, showing reasonable interest from potential buyers.

    In summary, the property market statistics for Scamander tell a story of promising yields and high demand, despite slightly high affordability and relatively neutral supply metrics. As with any market, it’s essential to understand these metrics fully before making any property investment decisions. Clever use of tools like the RCS from HtAG Analytics can greatly aid in this endeavour, providing a composite view of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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