Fraud Blocker

Ranelagh, 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 Ranelagh, 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

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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Ranelagh, TAS 7109”

  1. The total adult population (15 years or older) of Ranelagh 7109 TAS is 1,152, with a median age of 37. Of those, 48.96% are married, 12.50% are divorced or separated, 35.33% are single and 4.08% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,600. The median monthly mortgage repayment for households in this suburb is $1,486 which is 19.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Ranelagh, a burgeoning suburb nestled in the state of Tasmania (TAS), snugly houses an estimated 612 households. As we dive into the details of the third quarter of 2023, the typical house price in Ranelagh 7109 is valued at a neat $731,418. The houses accrue a median weekly rent of $500, leading on to a healthy indicative yield of 3.56% – a sign of a thriving property market that certainly meets the investment criterion of a cashflow-driven property investor.

    Let’s delve deeper to ensure that Ranelagh ticks all the boxes for a wise investment choice. With an IRSAD score of 965 out of 1217, Ranelagh demonstrates a strong socio-economic position, clicking in favour of the suburb. For property investors who play a strategic game, a low renter to owner ratio of 14% and a minimal units to houses ratio of just 5% reflect a favourable balance between landlord competition and rental returns, boosting the overall appeal of the neighbourhood.

    Nevertheless, potential investors must also be wary of the affordability index which sits at 38 years for houses, marking a slight decrease in the affordability in the area. On the side of supply metrics, a 0.68% stock on market Percentage is within the neutral range, and the inventory level of 1.55 months indicates a low supply, both metrics which balance each other out.

    In terms of building activity, the building approvals Ratio presents at 0.0%, signifying a lack of new dwelling supplies which could curb future oversupply. With houses staying just 33 days on the market, the indicators point towards high demand and brisk sales in the property market of Ranelagh.

    The Vacancy Rate, a measure of both houses and units, stands at a neutral 2.38%, signifying a reasonable balance between supply and demand. Although the buy search index for houses averages at 3, indicating limited demand, the overall picture for Ranelagh remains within the favourable range.

    All in all, Ranelagh presents as a solid option for prudent and discerning property investors, despite a few metrics sitting in the higher spectrum. Keeping an eye on trends and up-to-date data, as well as considering the Relative Composite Score, is pivotal to optimising your property investment decisions.

    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.

Leave a comment