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Bicheno, TAS 7215

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 Bicheno, TAS 7215 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 “Bicheno, TAS 7215”

  1. The total adult population (15 years or older) of Bicheno 7215 TAS is 922, with a median age of 54. Of those, 51.19% are married, 16.05% are divorced or separated, 27.66% are single and 5.53% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,168. The median monthly mortgage repayment for households in this suburb is $1,280 which is 24.77% of their earnings.

    Source: ABS Census Data (2021)

  2. BICHENO 7215 (TAS) is a suburban locale that is home to around 1150 households. It presents a unique microcosm within the Australian property market with a blend of features that make it compelling for a diversified range of property investors and buyers.

    The property market for houses in BICHENO 7215 recorded a typical price of $822,660 as of Q3 2023. The median weekly rent stands at $385, leading to an indicative yield of 2.44%. Although this figure falls slightly below the 3% minimum attractive market requirement for cashflow-centered investors, the stable rent indicates a foundational regular income.

    Societal aspects of BICHENO 7215 are evidenced by an IRSAD score of 938 out of 1217, suggesting a satisfactory socio-economic environment. The community occupies a mix of renters and property owners, with a renter to owner ratio of 24%. This balanced approach can offer lower competition among investors while maintaining a healthy rental market. Furthermore, with just an 8% units to houses ratio, the area enjoys a market less saturated with rental accommodations, setting the stage for lower competition among landlords and longer tenancy periods.

    On the affordability front, BICHENO 7215 records an index of 63 years which might suggest higher barriers to property ownership. Yet, this may inadvertently assist in keeping rental demand strong.

    Analyzing the supply metrics, a stock on market percentage of 0.17% coupled with an inventory level of 1.2 months demonstrates a very favourable market navigating low supply conditions. The building approvals ratio for houses is also at a promising figure of 0.09%, indicating minimal concerns with oversupply of newly constructed dwellings.

    But how brisk is the property market demand? The answer lies in the 162 days on market for houses. Although this reflects a longer duration than optimal for high demand, the market enjoys a favourable vacancy rate of 1.83%, highlighting consistent demand for rental properties. The buy search index for houses at a moderate 3 showcases BICHENO 7215 as a potential golden spot for savvy property investors.

    To summarize, while some metrics in BICHENO 7215 veer into the unfavourable range such as the affordability index and indicative yield, the majority metrics showcase a promising picture. Incorporating these market pulse checks within the RCS developed by HtAG analytics can help property investors optimize their decision-making matrix. As the old adage goes, in real estate, the key is location, location, location – and BICHENO 7215 remains a place worth watching!

    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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