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Huonville, 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 Huonville, 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 

2BR

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Rent 

2BR

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Yield 

2BR

3BR

4BR

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 “Huonville, TAS 7109”

  1. The total adult population (15 years or older) of Huonville 7109 TAS is 2,459, with a median age of 41. Of those, 42.86% are married, 13.79% are divorced or separated, 36.40% are single and 7.16% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,360. The median monthly mortgage repayment for households in this suburb is $1,379 which is 21.68% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Huonville, postcode 7109, is situated in Tasmania and is made up of approximately 1619 households. As of the third quarter of 2023, typical prices for houses in this region hover around $690,607. With a median weekly rent of $494, properties produce a substantial indicative yield of 3.72%. This bodes well for cashflow-centric property investors due to a yield that aligns with the desirable minimum market requirement of above 3%.

    Huonville has a socio-economic score of 926 out of 1217 according to the IRSAD rating. It presents the picture of a moderately affluent region with a significant proportion of residents potentially falling into higher-income brackets, professionally skilled, and having good access to economic resources.

    The suburb’s renter-to-owner ratio is a favourable 26%, suggesting that the market isn’t overly saturated with rental properties. This low ratio presents less competition amongst landlords for tenants, improving the potential for yields to remain high. An impressive lower units to houses ratio of just 14% further underpins this point.

    From an affordability perspective, Huonville scores a high 43 years on the Affordability Index, indicating a longer duration for property ownership that might be challenging for some prospective homeowners.

    When considering supply metrics, Huonville exhibits very low stock on the market percentage for houses at just 0.21%, suggestive of a favorable low-supply market scenario. With an almost comparable inventory level of 0.82 months, it seems the property market can quickly absorb new listings. The minimal building approvals ratio for houses at 0.07% reinforces the lower supply narrative.

    Regarding demand metrics, with the average ‘days on market’ for houses sitting at 38 days, demand is neutral. The combined vacancy rate for houses and units in Huonville is 2.33%, within the neutral range, indicating a balanced market for rentals. However, a buy search index of 3 for houses implies limited buyer interest.

    In the grand scheme of property investment potentials, while Huonville presents a gainful yield, the overall picture includes both favourable and neutral indications. The understated supply coupled with a solid yield may appeal to certain investors, despite the stretched affordability and limited buyer demand. As always, understanding your investment threshold and keeping a watchful eye on market trends are key factors in making beneficial investment decisions.

    Remember, the Relative Composite Score (RCS) metric developed by HtAG Analytics provides an automated research tool using over 80 metrics to take your property investment decisions to the next level.

    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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