Fraud Blocker

Gagebrook, TAS 7030

Home » TAS Real Estate Data » Brighton Council, TAS » Gagebrook, TAS 7030

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 Gagebrook, TAS 7030 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™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Gagebrook, TAS 7030”

  1. The total adult population (15 years or older) of Gagebrook 7030 TAS is 1,095, with a median age of 27. Of those, 21.37% are married, 15.34% are divorced or separated, 60.18% are single and 3.20% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $3,608. The median monthly mortgage repayment for households in this suburb is $867 which is 24.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of GAGEBROOK 7030 is comprised of an estimated 702 households. As we head into the third quarter of 2023, typical house prices in GAGEBROOK are around $390,949. Houses here fetch a median weekly rent of $420, which indicates a healthy indicative yield of 5.59%, making it an attractive market for cashflow-oriented property investors.

    Given its Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 634 out of 1217, GAGEBROOK’s socio-economic conditions vary, indicating a modest level of economic resources and access to employment opportunities.

    The suburb presents a strong tendency towards rental properties with a renter to owner ratio of 74%, which is substantially higher than the recommended 30%. However, it’s worth noting that GAGEBROOK provides an enticing niche for property investors looking to cater to renters, but this market segment is subject to the risk of high competition among landlords.

    The property make-up in the suburb is heavily skewed towards houses with a low units to houses ratio of just 1%. This lends to a favourable environment as suburbs with low unit proportions are generally associated with longer tenancy periods and fewer landlord-tenant competition, which could bode well for rental yields.

    GAGEBROOK’s affordability index score comes in at 42 years for houses. This means potential buyers would require approximately 42 years to fully own a property here – a timeline which exceeds the standard 30-year mortgage expectation and highlights reduced affordability.

    Property availability in the suburb remains incredibly low, with a stock on the market percentage sitting at only 0.14% for houses. This is accompanied by an inventory level of 0.63 months, indicating a quick turnaround of properties and a favourable low supply market.

    New residential building approvals over the past 12 months have accounted for 1.28% of total dwellings in the suburb, showing a relatively balanced supply scenario. Homes in GAGEBROOK are not staying on the market for long, with an average of 12 days before they’re snapped up, which is indicative of high demand.

    Vacancy rates in GAGEBROOK, combining both houses and units, are quite low at 0.77%, suggesting high demand and potential for good rental returns.

    Lastly, the buy search index for houses stands at 3, which suggests a moderate interest level from potential buyers when compared to the state and city averages.

    GAGEBROOK’s mixed bag of factors, such as high yields, limited supply, and high demand, make it a suburb worth considering by property investors, given they are willing to navigate the area’s affordability challenges and substantial renter ratio. Make sure to keep track of these property market metrics for making an informed decision. Likewise, employing tools like the Relative Composite Score (RCS) developed by HtAG Analytics can contribute to automating and simplifying the analytical process.

    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.

Leave a comment