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Triabunna, 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 Triabunna, 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Triabunna, TAS 7190”

  1. The total adult population (15 years or older) of Triabunna 7190 TAS is 784, with a median age of 51. Of those, 43.49% are married, 15.05% are divorced or separated, 33.93% are single and 7.78% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $4,500. The median monthly mortgage repayment for households in this suburb is $942 which is 20.93% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the picturesque region of TAS, the suburb of Triabunna 7190 is a tranquil residential enclave with an estimated 662 households. As we delve into the Q3 2023 property market statistics for houses in this charming suburb, we’ll find some compelling numbers.

    In Triabunna 7190, the typical house price stands at $567,524, with a median weekly rent of $380. This combination generates an indicative yield of 3.48%. This yield suggests a favourable cash-flow for property investors meeting the minimum market requirement for yield-centric property investments.

    The socio-economic metrics reveal an IRSAD (Index of Relative Socio-economic Advantage and Disadvantage) score of 857 out of a total of 1217. A high IRSAD score relates to better socio-economic status, indicating a balanced mix of economic resources and income. In Triabunna 7190, with almost 30% renters, the renter to owner ratio is 24%. The low ratio connotes a balanced inventory of rental and owned properties, beneficial for long-term return.

    The units to houses ratio in this suburb is a mere 4%. This metric commends the predominance of houses over units, attracting stable, long-term tenants like families and reducing cut-throat competition among landlords. The Affordability Index, however, stands at 50 years, which may raise eyebrows among prospective buyers and investors. This value is quite high, signalling decreased affordability for potential homeowners.

    Diving deeper into the supply metrics, houses in Triabunna 7190 show a stock on market Percentage of 0.3%. This value, being below the 0.4% benchmark, indicates a low supply, a conducive environment for sellers. The Average inventory Level at 3.0 months aligns with a well-balanced property market.

    In terms of Building Approval Ratio, we find a value of 0.45%, which indicates moderate construction activity within this market. The days on market (DOM) for houses tally up to 74 days, slightly higher than the 35-day benchmark but not reaching the worrying 90-day mark.

    With a vacancy rate of 1.28% for both houses and units, Triabunna 7190 has high demand for rental properties. This rate is well below the 3.5% mark, making it attractive for property investors. Lastly, the buy search index for houses is at 3, which falls within the neutral range.

    Summing up, the property market in Triabunna 7190 presents an interesting mix of stats. While the affordability index might be a concern, the positive yield, low renter to owner and units to houses ratio, and favourable stock on market percentages paint a promising picture for informed investors. It is highly recommended to keep an eye on the real-time RCS to ensure evidence-based decision-making.

    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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