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South Arm, TAS 7022

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 South Arm, TAS 7022 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 “South Arm, TAS 7022”

  1. The total adult population (15 years or older) of South Arm 7022 TAS is 815, with a median age of 48. Of those, 50.80% are married, 15.58% are divorced or separated, 29.69% are single and 4.42% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,288. The median monthly mortgage repayment for households in this suburb is $1,517 which is 20.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the confines of the picturesque state of Tasmania, the suburb of SOUTH ARM 7022 is home to an estimated 555 households. Delving into an analysis of the property market for Q3 2023 reveals that the typical price for houses stands at $806,880. The median weekly rent hovers at an attractive figure of $454, equating to an indicative yield of 2.93%, a whisker short of the 3% threshold that entices cashflow-focused property investors.

    The socio-economic positioning of the suburb, as gleaned by an IRSAD score of 990 out of 1217, suggests an above-average socio-economic climate marked by access to economic resources and a presence of professional occupations.

    Furthermore, the suburb boasts a promising renter to owner ratio of 14%, well below the 30% benchmark that indicates an oversaturated rental market. The absence of units with a 0% unit to house ratio impacts favourably on the neighbourhood’s appeal and poses less competition among landlords vying for tenants.

    That said, the suburb has less favourable indicators as well, with an Affordability Index showing it would take a staggering 43 years to fully own a house—this accentuates an affordability issue that may concern prospective buyers.

    The South Arm property market’s supply metrics show middling figures. As of Q3 of 2023, a stock on market Percentage of 0.54% and an inventory level of 2.4 months rest within neutral boundaries, neither offering significant anxiety nor comfort to potential investors. The building approvals ratio for houses is a favourable 0.18%, indicating a low influx of new dwellings entering the market.

    However, the average days on market (DoM) is relatively high at 147 days, suggesting a slower turnover in property transactions and thus lower demand. The Vacancy Rate, blending the vacancy rates of houses and units, presents a neutral 1.33%, indicative of balance in rental supply and demand. Lastly, the buy search index for houses mirrors this median demand sentiment with a score of 3.

    Whilst these metrics give a snapshot of the South Arm property market, potential investors should note the importance of tracking these variables’ trends. Moreover, some metrics resting in unfavourable ranges may not be overly concerning if the majority offer positive indications. A comprehensive tool like the RCS (Relative Composite Score) developed by HtAG Analytics delivers a deep-dive analysis using over 80 metrics that can assist in making more informed property investment decisions.

    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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