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Orford, TAS 7190

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 Orford, TAS 7190 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 “Orford, TAS 7190”

  1. The total adult population (15 years or older) of Orford 7190 TAS is 629, with a median age of 62. Of those, 61.37% are married, 18.44% are divorced or separated, 14.94% are single and 6.04% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $5,452. The median monthly mortgage repayment for households in this suburb is $1,517 which is 27.82% of their earnings.

    Source: ABS Census Data (2021)

  2. As one of the suburbs nestled in Tasmania, Orford 7190 offers a modest yet intriguing property market. The locality is home to approximately 1,133 households, each radiating a unique charm that appeals to both investors and families alike.

    As of Q3 2023, the property market for houses in Orford 7190 paints a striking image. The typical price for houses stands at an average of $823,382. With median weekly rents of $398, this generates an indicative yield of 2.51%, which falls somewhat short of the minimum attractive market requirement for cashflow-centred investors of 3%.

    In terms of socio-economic standing, Orford measures a respectable IRSAD score of 952 out of a possible 1217, painting an image of a relatively prosperous community. Adding to this appealing investment landscape, Orford graces investors with a solid renter to owner ratio of 24%. This falls well below the 30% threshold, indicating a market that isn’t saturated with rental properties and hence provides promising prospects for long-term returns.

    Equally compelling is Orford’s units to houses ratio at a low 5%. This low ratio signifies a market with little competition among landlords for tenants, which, coupled with the potential for longer tenancy periods, enhances the property market’s appeal.

    However, it’s important to note, the affordability index stands at 59 years, indicative of decreased affordability in the area.

    The supply metrics present a favourable impression, with a stock on market Percentage of 0.28%, demonstrating low supply, and an average housing inventory duration of 1.89 months. Interestingly, the building approvals Ratio sits at 0%, indicating a held supply of new dwelling stock in the market.

    The turnover in the property market is rapid with properties spending an average of just 9 days on the market suggesting high demand. This high demand is further reinforced by a vacancy rate of 1.12%, indicating a high occupancy rate.

    Lastly, with a buy search index for houses tallying at an average value of 5, there’s a cascading interest in property investment in Orford.

    Although some metrics such as indicative yield and affordability index veer towards the less favourable side, these are balanced by high favourable demand metrics and low supply metrics making Orford a genuinely appealing prospect. The Relative Composite Score, as developed by HtAG Analytics, should also be considered for additional insights. Remember, an understanding of the trends is as crucial as understanding the values themselves. Always be on the lookout for potential market shifts that could signal new investment opportunities.

    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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