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Campania, TAS 7026

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 Campania, TAS 7026 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 “Campania, TAS 7026”

  1. The total adult population (15 years or older) of Campania 7026 TAS is 934, with a median age of 39. Of those, 45.61% are married, 13.81% are divorced or separated, 36.94% are single and 4.28% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,348. The median monthly mortgage repayment for households in this suburb is $1,324 which is 18.02% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Campania, postcode 7026, in Tasmania, is estimated to be comprised of around 533 households. As we move into Q3 of 2023, the typical price point for houses in Campania is notably $697,967. These properties pull a median weekly rent of $435, which results in an indicative yield of roughly 3.24%, skirting just above the minimum market requirement of 3% for property investors centered on cashflow.

    In terms of the fundamental metrics, Campania holds an IRSAD (socio-economic) score of 955 out of a possible 1217. This suggests a relatively strong socio-economic status within the suburban population, making it fairly attractive for potential homeowners, renters and property investors alike. The renter to owner ratio is pleasingly low at 13%, suggesting a market currently less saturated with rental properties, which could potentially offer a more robust long-term return on investments and certainly lower competition.

    With an exceptionally low units to houses ratio of only 2%, the market in Campania is attractive. The distinct lack of competition amongst landlords for tenants due to the lower proportion of units, and the potential for more extended tenancy periods due to family attraction to house dwellings, could all factor into maintaining higher rental yields.

    However, the affordability index does raise some concerns, standing high at 37 years, over the standard estimation of a 30-year mortgage. This lack of affordability could be a deterrent for those looking to purchase in the area.

    Supply metrics identify a stock on market percentage of 0.9% for houses, sitting within the neutral range. Meanwhile, an inventory level of 3.2 months also sits somewhat neutral, not indicating a particularly overwhelmed or barren property market. The building approvals ratio holds at a relatively excessive 13.06%, possibly leading to increased supply in the market and creating potentially unfavourable conditions for investment due to increased competition.

    Demand metrics reveal that houses have been on the market for an average of 92 days, slightly over the threshold for high demand. However, a vacancy rate of 3% sits squarely in the neutral demand range. The buy search index for houses is at 4, a relatively neutral step off the state average.

    In summary, despite a few areas of neutrality and potential drawbacks for investors, Campania still presents as a reasonably attractive market for property investment. The high socio-economic status, low renter to owner and units to houses ratio, and stable vacancy rate all contribute to a promising outlook for this cosy Tasmanian suburb.

    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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