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Maydena, TAS 7140

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 Maydena, TAS 7140 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 “Maydena, TAS 7140”

  1. The total adult population (15 years or older) of Maydena 7140 TAS is 163, with a median age of 47. Of those, 28.83% are married, 19.02% are divorced or separated, 44.79% are single and 6.13% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,400. The median monthly mortgage repayment for households in this suburb is $900 which is 20.45% of their earnings.

    Source: ABS Census Data (2021)

  2. MAYDENA 7140, situated in the charming region of TAS, is a small suburb with approximately 165 households. As we approach the end of Q3 in 2023, the typical price for houses here averages at $329,643. A median weekly rent of $305 puts the indicative yield at a strong 4.81%, which is well above the minimum expected for cashflow-centred property investors.

    MAYDENA 7140 shows promise from a socio-economic perspective as well, with an IRSAD score of 797 out of 1217. This score suggests an average wealth level within the community capable of sustaining property investments.

    The renter to owner ratio stands at 25%, indicating a healthy balance with no oversaturation on rentals. Unsurprisingly, the units to houses ratio reflects the same balance at about 1%, affirming that there’s less competition among landlords for tenants, which aids in maintaining high rental yields.

    The affordability index gives an optimistic result of 29 years. This result is within a favourable range, suggesting the housing market in MAYDENA 7140 is reasonably affordable for buyers, which could potentially attract long-term residents.

    The stock on the market percentage for houses is currently at 0.61%. Though this might lean towards a higher side, it remains within neutral territory. The inventory level, listed at 3.0 months, aligns with this.

    In terms of new buildings, the building approvals ratio sits at 0.0% indicating a static supply. From a demand perspective, with 18 average days on market, houses are proving popular and selling quickly.

    However, one metric that requires further attention is the vacancy rate. At 7.14%, this rate exceeds the desirable range, indicating a surplus of empty houses and units. This metric may signal high competition among landlords and potential issues with tenant attractability.

    Moreover, the buy search index for houses in the area is at 3. While it’s on the lower end of the spectrum, it’s not a complete deal breaker.

    Overall, MAYDENA 7140 is an intriguing prospect for property investors with a majority of the metrics leaning towards a favourable property market. Of course, it’s important to note that continual monitoring and understanding of market trends are key in making successful real estate 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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