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Clarendon Vale, TAS 7019

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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 Clarendon Vale, TAS 7019 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.

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Yield 

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Buy 

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Rent 

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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 “Clarendon Vale, TAS 7019”

  1. The total adult population (15 years or older) of Clarendon Vale 7019 TAS is 1,184, with a median age of 29. Of those, 22.97% are married, 15.88% are divorced or separated, 57.09% are single and 4.22% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $3,964. The median monthly mortgage repayment for households in this suburb is $1,083 which is 27.32% of their earnings.

    Source: ABS Census Data (2021)

  2. Houses in the suburb of Clarendon Vale, 7019, situated in Tasmania, have shown an intriguing trend as of Q3 in 2023. With approximately 725 households, Clarendon Vale presents a distinctive profile. The typical price for houses stands at $447,312 with a median weekly rent of $457. These figures generate an attractive indicative yield of 5.31%, surpassing the minimum requirement of 3% apart from cashflow-focused property investors.

    Clarendon Vale’s socio-economic status, as indicated by an IRSAD score of 705 out of 1217, suggests a moderate standing within the realm of economic access and distribution. The suburb presents a reasonably high renter to owner ratio of 65%, suggesting a potentially saturated rental market that investors need to scrutinise carefully due to inherent risks and competitive scenarios.

    The units to houses ratio rests at a favourable 4%, suggesting a predominantly houses driven market that may have longer tenancy periods and less competition among landlords.

    The affordability index, standing at 44 years, indicates a reduced level of affordability within the property market of Clarendon Vale – a factor that investors should take heed of when planning their venture.

    Analysing the supply metrics, we find a pleasingly low stock on market Percentage for houses at 0.3%, which points towards a low supply market. The inventory level for houses also indicates a low supply trend, with a value of 1.6 months. However, the suburb has a relatively high building approvals Ratio for houses at 3.14%, which could point towards an increase in supply in the future.

    On the demand side, the days on market number for houses is relatively high at 106, suggesting a rather sluggish movement. The vacancy rate combines houses and units and stands at a low 0.85% – indicative of a market with high demand. Meanwhile, the buy search index for houses is neutral, sitting at 3, indicating an average rate of demand.

    In terms of investment, it’s rewarding to observe that not all metrics sit in favourable ranges, yet the majority offer promising insights, making Clarendon Vale a suburb to consider. Monitoring tools like HtAG Analytics’ RCS (Relative Composite Score) helps to stay on top of over 80 vital metrics integral to property investment.

    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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