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Herdsmans Cove, TAS 7030

Home » TAS Real Estate Data » Brighton Council, TAS » Herdsmans Cove, 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 Herdsmans Cove, 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 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Herdsmans Cove, TAS 7030”

  1. The total adult population (15 years or older) of Herdsmans Cove 7030 TAS is 859, with a median age of 29. Of those, 21.89% are married, 13.62% are divorced or separated, 60.30% are single and 3.03% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $4,432. The median monthly mortgage repayment for households in this suburb is $869 which is 19.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Herdsman Cove, a suburb located within Tasmania, houses an approximate total of 542 households. As we delve into the third quarter of 2023, typical housing prices within the Herdsman Cove territory amount to $440,543, with a median weekly rent presented at a significant $439. This pricing configuration produces an indicative yield of a promising 5.18%.

    Turning our gaze towards socio-economic factors, an IRSAD score of 718 out of a possible 1217 places Herdsman Cove in a moderate bracket. Worthy of note is a relatively high renter to owner ratio of 65%, signaling a considerable presence of renting entities in this area. Looking at the property composition, Herdsman Cove’s units to houses ratio is a healthy 2%, signifying a low saturation of the housing market with rental units.

    Analysing the affordability index, presently it stands at 39 years for houses. This may imply a challenge in achieving full ownership of properties in this area, based on a standard 30-year mortgage considering factors such as interest rates, income and typical property prices in this region.

    Assessing the supply metrics, the stock on market percentage for houses in Herdsman Cove is a favourable 0.37%, with house inventory levels standing at an impressive 1.85 months. The building approvals ratio for houses also remains comfortably low at 0.18%.

    Shifting our focus towards demand metrics, houses typically spend approximately 133 days on market. This figure denotes that despite a good socio-economic status and positive supply metrics, demand may be moderately low. The vacancy rate, considering both houses and units, is lower than average at 0.85%, pointing towards a high occupancy rate and strong potential for rental income. However, the buy search index score for houses does sit at a neutral level of 3, indicating average levels of demand.

    In conclusion, while understanding these property market statistics is imperative, equally important is an understanding of not just these metric values but their respective trends. The value of keeping an eye on the evolving property market landscape cannot be underestimated. Supply and demand indicators, such as those provided by the RCS (Relative Composite Score) metric, play a vital role in expert-level property investment decisions. In Herdsman Cove’s case and areas alike, there are still several positive signs which hint at successful long-term property investment potentials, despite having a few metrics in the unfavourable range.

    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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