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Smithton, TAS 7330

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 Smithton, TAS 7330 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 “Smithton, TAS 7330”

  1. The total adult population (15 years or older) of Smithton 7330 TAS is 3,215, with a median age of 42. Of those, 43.23% are married, 13.69% are divorced or separated, 34.65% are single and 8.65% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,216. The median monthly mortgage repayment for households in this suburb is $1,083 which is 17.42% of their earnings.

    Source: ABS Census Data (2021)

  2. Essential insights into the property market for the suburb of Smithton 7330, situated in Tasmania, paints an intriguing prospect for property investors and buyers agents. The suburb is home to an estimated 2228 households.

    As the figures for Q3 2023 reveal, the typical house price in Smithton 7330 stands at $430,822. With a median weekly rent hovering at $317, the indicative yield is an attractive 3.83% – just above the minimum market requirement of 3% and thus appealing to cashflow-centered property investors.

    A closer glance at the fundamental metrics shows an IRSAD score of 881 out of 1217 for the suburb, indicating adequate socio-economic conditions in the locality. In what may be seen as a favourable attribute, the renter to owner ratio is at 27%, which speaks of a property market that is less oversaturated with rental properties, and thus, can have a positive impact on long-term returns.

    Less competition from other property investors is also suggested by a notably low units to houses ratio of 6%, underlining the suburb’s appeal and the probable longevity of tenant stay. The affordability index registers at 27 years – a prospect that underscores high affordability among residents in Smithton 7330.

    Further examination of the supply metrics paints a favourable picture, with the stock on market percentage for houses being a low 0.15%, indicating a low supply market that’s usually attractive to investors. It’s complemented by an inventory level indexed at 1.29 months, underscoring the quick absorption of new listings in the market.

    With a building approvals ratio of 1.9%, the suburb does not seem to be at risk from an oversupply of newly approved residential buildings in the foreseeable future. However, a slightly longer than ideal days on market at 92 days suggests a bit subdued demand, something investors would want to closely monitor.

    The vacancy rate, combining properties of both houses and units, stands at an incredibly favourable low of 0.5%, indicating a very high rental demand. However, the buy search index for houses currently reads at 3, signifying neutral demand that suggests investors should keep a close track of market developments.

    Although one must also consider the trend of these metrics, existing data from Smithton 7330 suggests a potentially favourable investment opportunity owing majority of these metrics leaning towards a favourable side. The research can be further automated and enhanced using the HtAG Analytics RCS methodology which uses over 80 different metrics for a more comprehensive overview.

    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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