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Collinsvale, TAS 7012

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 Collinsvale, TAS 7012 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

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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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No Rent Data
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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 “Collinsvale, TAS 7012”

  1. The total adult population (15 years or older) of Collinsvale 7012 TAS is 518, with a median age of 43. Of those, 47.49% are married, 12.55% are divorced or separated, 37.64% are single and 2.51% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,124. The median monthly mortgage repayment for households in this suburb is $1,400 which is 19.65% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Collinsvale, postcode 7012, lies nestled in the state of Tasmania, boasting an estimated 295 households. Let’s delve into real estate trends analysed for the third quarter of 2023.

    Houses in Collinsvale are typically priced at $628,521, from which landlords fetch median weekly rents of $497. This translates into an indicative yield of approximately 4.11%, surpassing the minimum 3% yield threshold and providing a lucrative opportunity for cashflow-centred property investors.

    The suburb garners an IRSAD score of 970 out of a possible 1,217, hinting at decent socio-economic conditions within the area. Adding to its appeal, it bears a renter to owner ratio of a mere 7%—far below the 30% lower threshold. This implies potent returns in the longer run with reduced risk and competition from fellow investors. Furthermore, Collinsvale distinguishes itself with a zero units-to-houses ratio, signifying a market undiluted by rental units and fostering less competitiveness for tenants, thereby maintaining higher rental yields.

    The affordability index, however, tells a different story. With an index standing at 35 years, houses seem less affordable for potential buyers. The stock on market Percentage, on the other hand, measures a scanty 0.34%, indicating a low-supply market. The inventory level, reflecting the market’s absorption of new listings, registers at a favourable 1.71 months.

    Construction activities have been significant as suggested by the building approvals Ratio of 20.34% – a cautionary sign of increasing supply that could weigh down prices. Houses find takers briskly with an average standing period of 11 days on the market. The vacancy rate, splitting across houses and units, is slightly high at 4.55%, potentially indicating lower demand. However, the buy search index compensates by scoring a strong 6, denoting high demand in the buyers’ market.

    In conclusion, while Collinsvale does keep certain factors in check favourable for investors, the high building approvals ratio and vacancy rates call for a cautious approach. Like all investment opportunities, a keen eye on market developments across a variety of metrics, including the Relative Composite Score by HtAG Analytics, is recommended for making the right real estate investment decisions. Remember though, it’s not unusual to have a few metrics in the unfavourable range as long as a majority suggests a favourable trajectory.

    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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