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Bridport, TAS 7262

Home » TAS Real Estate Data » Dorset Council, TAS » Bridport, TAS 7262

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 Bridport, TAS 7262 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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Yield 

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Buy 

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Rent 

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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 “Bridport, TAS 7262”

  1. The total adult population (15 years or older) of Bridport 7262 TAS is 1,455, with a median age of 51. Of those, 49.35% are married, 13.20% are divorced or separated, 28.04% are single and 9.14% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,716. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.36% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Tasmania, the suburb of Bridport, 7262, is home to an estimated 1,390 households. Going into the third quarter of 2023, key property market parameters reveal a vibrant and dynamic housing market, ripe with key market insights for savvy property investors and buyers agents alike.

    The typical price for houses within this suburb is relatively stable at AUD 795,746, supported by a median weekly rent rate that hovers around AUD 331. This translates into an indicative yield of 2.16%, a figure slightly below the 3% market requirement for cashflow-focused property investors but is not necessarily disheartening given favourable market conditions in relation to other metrics.

    The socio-economic condition of the area is fairly healthy, indicated by an IRSAD score of 942 out of a possible 1,217. This suggests that residents maintain a decent level of access to economic resources and stay connected to a myriad of skill-demanding professions.

    The suburb engages in a healthy balance between rental and owned properties, with a ratio of 21% towards renter properties. Notably, only 6% of properties in the area take the form of units as opposed to houses. This is a perfect number, falling comfortably under the 50% threshold and indicating potential for market stability and less competition for landlords operation within its bounds.

    Nevertheless, the affordability index of the area is quite concerning, standing at 46 years. This could be indicative of a potential strain on the affordability status of the suburb and might deter a segment of property buyers. However, this high affordability index may also signal potential capital gain opportunities for long-term investors.

    Promisingly, the suburb demonstrates low supply metrics, illuminated by the stock on the market percentage for houses at 0.07% and a very low inventory level, which stands at 0.32 months. Coupled with a reasonable building approval ratio of 0.36%, this points to manageable growth in supply and may indeed push demand higher.

    An encouraging factor for potential investors is the property market’s resilience, as shown by a typical house remaining only 24 days on the market before being sold. The vacancy rate is also within a favourable range, standing at 1.39%. These details, in conjunction with a buy search index of 3, reflect a moderate demand for property within the suburb.

    While considering these factors, potential investors are encouraged to factor in a holistic view of the real estate market and to stay up-to-date with consistent market developments. Remember, taking into account not just present market values but also their trends is key to making effective decisions in property investment. Tools like the RCS (Relative Composite Score) provided by HtAG Analytics can further facilitate you in this in-depth research process.

    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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