Fraud Blocker

Old Beach, TAS 7017

Home » TAS Real Estate Data » Brighton Council, TAS » Old Beach, TAS 7017

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 Old Beach, TAS 7017 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 “Old Beach, TAS 7017”

  1. The total adult population (15 years or older) of Old Beach 7017 TAS is 3,564, with a median age of 40. Of those, 51.43% are married, 12.23% are divorced or separated, 30.98% are single and 5.42% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,484. The median monthly mortgage repayment for households in this suburb is $1,517 which is 17.88% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania’s scenic setting, Old Beach 7017 is a vibrant suburb, housing an estimated 1971 households by the end of Q3 2023. The property market in this area sees houses typically priced at approximately $720,048. Accompanied by a median weekly rent of $523, this produces an indicative yield of 3.78%, which is marginally above the minimum attractive market requirement of 3% for property investors focusing on cashflow.

    In terms of socio-economic fundamentals, the IRSAD score in Old Beach stands at 994 out of a potential 1217, indicating a solid socio-economic status relative to other suburbs in Australia. The area also boasts a favourable renter to owner ratio of 12%, implying a market that isn’t oversaturated with rental properties, potentially favouring property investors in the long run. This is further supported by an excellent units to houses ratio of 10%, a strong indicative factor for reduced competition among rental landlords.

    However, the suburb’s affordability index measures 33 years, implying decreased affordability and potentially longer mortgage durations for property buyers. That said, areas like Old Beach could still present attractive opportunities for investors, particularly those with strategies centred around rental income.

    Digging into supply metrics, Old Beach exhibits a stock on market Percentage of 0.46% for houses, which falls within the neutral range. This suggests a balanced market, not tilted excessively towasrds buyers or sellers. The inventory level for houses is at 1.57 months, signalling a favourable low supply market. Conversely, the suburb’s building approvals Ratio is 2.61%, slightly above the benchmark, which could imply an anticipated increase in property supply, subject to market conditions.

    From a demand perspective, the data paints an equally interesting picture. Houses in Old Beach spend an average of 45 days on the market, a figure which, despite slightly higher than the favourable mark, does indicate a certain level of demand. The suburb has a vacancy rate of 3.45%, falling within the neutral range. Lastly, the buy search index stands at 3, indicating a potentially subdued demand, despite being within reach of the neutral mark.

    In closing, whilst Old Beach 7017 may present some challenging metrics such as the affordability index and demand indicators, its other qualities, particularly a favourable yield and strong socio-economic score, should not be overlooked. As ever, in-depth analysis and understanding of these many variables is key to making informed, strategic investment decisions.

    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