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Lauderdale, TAS 7021

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 Lauderdale, TAS 7021 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 “Lauderdale, TAS 7021”

  1. The total adult population (15 years or older) of Lauderdale 7021 TAS is 2,077, with a median age of 42. Of those, 53.49% are married, 11.75% are divorced or separated, 29.37% are single and 5.30% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,008. The median monthly mortgage repayment for households in this suburb is $1,600 which is 17.76% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Tasmania, the suburb of Lauderdale 7021 comprises an estimated 1,122 households. As 2023 Q3 data suggests, house prices in Lauderdale 7021 tend to hover around $887,414. The weekly median rent for these properties is recorded at $633, translating into an attractive indicative yield of 3.71% — a noteworthy feature for cashflow-centered property investors.

    Lauderdale 7021 demonstrates a commendable socio-economic standing with an IRSAD score of 1,038 out of a possible 1,217. This indicates the suburb’s favourable financial environment, highlighting above-average income levels and skilled professionals’ prevalence.

    The renter to owner ratio in Lauderdale is a soothing 10%, well below the worry mark of 30%. This signifies a healthy property market that isn’t overcrowded with rental properties. Moreover, the percentage of units to houses is also impressively low at 1%, suggesting less significance of rental competition and potential for considerable rental yields over time.

    However, it’s worth noting that the affordability index for houses in Lauderdale is less appealing, standing at 39 years. That implies a greater than average time typically required to fully own a property in this area.

    From a supply perspective, Lauderdale 7021 poses an excellent investment opportunity. Its stock on market percentage for houses is as low as 0.18%, indicating scarcity in the market. Further, the inventory level is also on the lower side at just 0.65 months, highlighting high absorption rate of newly listed properties.

    Building activity in the area is inactive with a building approval ratio of 0.0%, suggesting minimal new supply in the near future. This insinuates potential for future house price growth owing to limited new stock.

    Demand indicators offer mixed signals. With an average of 93 days on market for houses, the demand seems to be on the lower side. Yet, the extremely low vacancy rate of 0.87% indicates a high demand for rentals in Lauderdale 7021. Also, the buy search index of 5 signifies that the demand is at par with the state/city average level.

    All these statistics culminate into Lauderdale 7021 being a location worth considering for real estate investment. It shows a healthy socio-economic score, favourable supply conditions, balanced demand, and above-average yields. However, the higher affordability index calls for discerning buyer judgement and thorough financial planning to navigate the investment terrain effectively.
    Finally, it becomes crucial to monitor these property market indicators to strategically leverage changing trends over time.

    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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