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Port Huon, TAS 7116

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 Port Huon, TAS 7116 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 “Port Huon, TAS 7116”

  1. The total adult population (15 years or older) of Port Huon 7116 TAS is 407, with a median age of 50. Of those, 47.42% are married, 13.51% are divorced or separated, 32.92% are single and 5.90% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,748. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.62% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of Port Huon (postcode 7116), positioned within Tasmania (TAS), is a moderately-sized community with an estimated total of 312 households. By Q3 2023, median house prices in Port Huon are valued at a substantial $699,038. Add to this a median weekly rent of $373, and you’re looking at an indicative yield of approximately 2.77%.

    With an IRSAD score of 950 out of a potential 1217, the socio-economic conditions in the suburb are reasonably healthy. This suggests residents generally have steady access to economic resources and a satisfactory standard of living. An additional point of interest for prospective property investors is the renter to owner ratio, which is relatively low at 13%. This creates a greater sense of community and long-term stability within the area.

    Furthermore, the units to houses ratio sits at a mere 1%, indicating a dominant market for houses. This is a favourable circumstance as it lessens competition among landlords for tenants, thus maintaining higher rental yields.

    However, Port Huon faces a challenge regarding property affordability, with the index suggesting it could take a lengthy 48 years to fully own a property based on a standard 30-year mortgage. This means it may be a more suitable investment for those with a long-term outlook or better wealth creation.

    In terms of supply, the stock on the market percentage for houses is 1.03%, which falls into the neutral range. Concurrently, the inventory level for houses is 4 months, signalling towards a balanced supply market. As for new developments, the building approvals ratio standing at 0% suggests there won’t be a sudden increase in housing stock that could negatively impact house prices.

    The average listing period (Days on Market) for houses is 85, hinting at a relatively steady demand. The combined vacancy rate for houses and units is 2.38%, which is neutral and indicates that there is a reasonable balance between supply and demand in the area.

    Finally, the buy search index for houses in Port Huon sits impressively at 8, showing the market is experiencing considerably high interest from house buyers.

    To summarise, despite a few hurdles, Port Huon demonstrates several appealing qualities that make it a potential candidate for property investors setting their sights on Tasmania. Remember that in addition to these statistic indicators, keeping an eye on changing past and future trends will be crucial for reaping the most benefits from your investment. And with the help of HtAG Analytics’ Relative Composite Score (RCS) metric, the process of staying informed of over 80 market metrics becomes effortless and efficient.

    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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