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Cradoc, TAS 7109

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 Cradoc, TAS 7109 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 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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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 “Cradoc, TAS 7109”

  1. The total adult population (15 years or older) of Cradoc 7109 TAS is 393, with a median age of 48. Of those, 49.62% are married, 12.72% are divorced or separated, 34.86% are single and 4.33% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,372. The median monthly mortgage repayment for households in this suburb is $1,554 which is 24.39% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cradoc, postcode 7109, is a tranquil community nestled within Tasmania. It’s home to a modest number of households, estimated at 236. In the third quarter of 2023, the real estate market in this vicinity paints a mixed picture for potential property investors and buyers.

    Houses in Cradoc command a typical price of $927,288, placing them within the mid-to high market range. This price, coupled with the median weekly rent of $505, results in an indicative yield of 2.83%, falling just short of the 3% minimum market requirement for cashflow-centric property investors.

    Investors will be heartened by the suburb’s reasonable IRSAD score of 989 out of a possible 1217, suggesting the resident population enjoys a satisfactory socio-economic status. Further appeal is seen in the low renter to owner ratio, standing at a modest 7%, which indicates a less saturated rental market that can deliver sustainable returns in the long term.

    In terms of the types of dwellings in the area, Cradoc has a unit to house ratio of 0%. This suggests that there’s less competition among landlords for tenants, which can help maintain higher rental yields. Furthermore, suburbs with no units and more houses often attract families, who tend to secure longer tenancy periods.

    However, potential buyers may be deterred by the affordability index for houses, which is calculated at a significant 57 years. This indicator suggests that, on average, homeownership is achieved over an extended period, reflective perhaps of current interest rates, the median family income, and property prices within Cradoc.

    Diving into supply metrics, the stock on market percentage for houses sits favourably as 0.42%, indicating a low supply. Likewise, the inventory level for houses, at 1.2 months, suggests a property market that can readily absorb newly listed properties, making it favourable for both sellers and buyers. The building approvals ratio for houses sits comfortably at 0.85%.

    Demand metrics offer a more mixed picture. Although the days on market for houses stand high at 94, indicating a lower demand, this is countered by a rather high vacancy rate of 6.25%. Meanwhile, the buy search index for houses comes in at 3, showing a neutral level of demand for these properties in Cradoc.

    In summary, the property market of Cradoc presents a balanced opportunity for investment. While some pressure points exist such as subdued demand and an elongated affordability index, the suburb holds its own with favourable supply metrics and a healthy socio-economic score. Forming a balanced view of this market’s potential requires vigilance and understanding of these broader trends and specific metrics. It’s always beneficial to refer to comprehensive tools like HtAG Analytics’ RCS (Relative Composite Score), which uses over 80 metrics to automate the market research process. Remember, the devil is always in the detail when it comes to property investment.

    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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