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Risdon Vale, TAS 7016

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 Risdon Vale, TAS 7016 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 

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Rent 

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5BR

Yield 

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Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Risdon Vale, TAS 7016”

  1. The total adult population (15 years or older) of Risdon Vale 7016 TAS is 2,577, with a median age of 34. Of those, 29.18% are married, 12.92% are divorced or separated, 53.01% are single and 5.28% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,448. The median monthly mortgage repayment for households in this suburb is $1,083 which is 19.88% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Risdon Vale (postcode 7016) is nestled within the heart of Tasmania, boasting an estimated total of 1234 households. As we shift into Q3 of 2023, typical house prices in Risdon Vale average around $482,533. This suburb draws a generous median weekly rent of $457, resulting in a highly attractive indicative yield of 4.92% for investments—significantly exceeding the minimum market requirement of 3% and casting Risdon Vale in a desirable light particularly for cashflow-focused investors.

    The region’s socio-economic rating shows promise, with an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 837 out of 1217. Although lower IRSAD scores indicate better socio-economic positioning, Risdon Vale’s rating suggests a moderate level of economic resource access and a decent rate of highly-skilled professional occupations amongst local residents.

    Risdon Vale presents itself with a balanced market of renters and owners, reflected in a renter to owner ratio of 34%. This falls within the ‘sweet spot’, avoiding an oversaturated rents market which can often depress returns and lead to intense competition among investors. The units to houses ratio in Risdon Vale sits at an incredibly low 1%, suggesting an absence of risk linked to oversized supply of rentals and establishing stable conditions for landlords.

    However, caution must be exercised considering the Affordability Index, which suggests it will take about 35 years to fully own a house in Risdon Vale—falling slightly higher than the general expectation of a 30-year mortgage and thus signalling a degree of lessened affordability.

    Analysing the property supply landscape in Risdon Vale, we see a beneficially low stock on market percentage of just 0.26%, indicating suppressed supply conditions in the market. The suburb’s commendably low inventory Level of 0.67 months advocates for its robust capacity in absorbing new listings, suggesting adequate property turnover and minimal market stagnation. Notably, the Building Approval Ratio stands at 1.49%, falling short of the potentially high risk associated with a BA Ratio of over 2%.

    From the demand perspective, Risdon Vale is thriving, showing an impressive average of just 16 days on market for houses—a compelling figure that substantiates high demand for property in the area. The Vacancy Rate, representing combined units and houses, stands at a favourable 1.18%, affirming that high demand and limited supply continue to characterise the local property market.

    Lastly, with a buy search index of 3 for houses, Risdon Vale rests on the brink of what is considered to be relatively neutral in terms of demand.

    In conclusion, Risdon Vale flaunts an intriguing property market landscape in Q3 2023. There are scores of attractive investment prospects as indicated by its low supply and high-demand indicators. However, potential investors should tread carefully when considering affordability within the market. As always, careful attention to holistic market trends is of paramount importance when choosing to invest in real estate. Utilising HtAG Analytics’ Relative Composite Score metric can greatly elevate the ease and efficiency with which these trends are analysed, furnishing investors with comprehensive, highly accurate market overviews.

    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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